A rout in Bitcoin deepened on Friday as investors rushed to safe assets in the wake of US President Donald Trump’s latest tariff threats, marking a dramatic reality check for one of the world’s most popular Trump trades.
Other firms expanding into the crypto space, such as Robinhood, have also benefited from recent SEC relief, which this month resulted in an end to an investigation into its crypto business. As of this writing, Robinhood's stock price has risen to $48.86.
Eric Trump predicts Bitcoin will skyrocket to $1 million. Since his bold claim, BTC has hit an all-time high of $108,786.
Exchange traded funds, operating like a mutual fund, are a simple way for people to invest in assets such as gold, junk bonds or, in this case cryptocurrencies, without having to directly purchase the individual assets themselves. In a somewhat ironic development, the SEC actually did approve 11 exchange traded funds for Bitcoins the very next day.
A new Senate committee for digital assets held its inaugural hearing on Wednesday as Congress moves toward crafting comprehensive legislation to regulate the crypto market and protect consumers. “This industry needs clear rules of the road that it can follow while simultaneously promoting both responsible innovation and protecting consumers,
So much for Donald Trump being the crypto industry’s favorite president. But the Bitcoin selloff opens up a window for investors to scoop up crypto-related stocks that are suddenly on sale. Since Inauguration Day,
President Donald Trump has emphasized his commitment to crypto is responsible for the recent historic highs for Bitcoin.
The factors below are strong indications of Bitcoin eventually reaching the milestone, says Matt Hougan from Bitwise Asset Management.
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Hosted on MSNTrump credits Bitcoin’s record highs to his pro-crypto stance: ‘America is the crypto capital’President Donald Trump credited the recent Bitcoin price bull run to his vision to make the United States the world leader in cryptocurrency innovation and adoption.
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Investing News Network on MSNCrypto Market Recap: South Dakota Rejects Bitcoin Reserve Bill, Meme Coins Take A HitHere's a quick recap of the crypto landscape for Monday (February 26) as of 9:00 a.m. UTC. Bitcoin and Ethereum price update Bitcoin (BTC) is currently trading at US$87,548, reflecting a decrease of 1.
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