Bitcoin is again hovering around $105,000 per coin, barely budging since this time last week. Investors shouldn't complain, though, after an action-packed start to the week led the coin to hit a new high.
The price of the biggest coin by market cap broke a new record of $108,786 Monday ahead of Donald Trump's inauguration. It has since dropped by nearly 4%, CoinGecko shows.
And despite President Trump not explicitly declaring plans for a Bitcoin strategic reserve in his first crypto executive order, the coin is still sitting comfortably above the $100,000 mark.
The price of price of Bitcoin has hit yet another all-time high of just under $109,000, amid widespread optimism in the crypto industry as Donald Trump’s inauguration as U.S. President draws near.
Bitcoin has retreated slightly from its new all-time high of $108,786, per CoinGecko, and now sits at $107,949, up 3.2% in the past 24 hours and 16.2% on the week.
The news follows Trump’s mention of Bitcoin in a speech on Sunday, where he name checked how, “Bitcoin has shattered one record high after...
Bitcoin soared above $100,000 following Trump's November election; the President promised to slash regulation and help the digital asset industry. And he is keeping his crypto promises—albeit while annoying some hardcore Bitcoiners in the process.
Digital asset investment products pulled in $2.2 billion last week—up dramatically from $48 million the week prior—gaining momentum as traders gravitated toward Bitcoin on the eve of President Donald Trump’s inauguration.
The Republican assumed control of the White House Monday, and he is expected to issue a flurry of crypto-related executive orders, as Decrypt reported last week. Those initiatives could range from SEC and CFTC directives to trying to establish a so-called Bitcoin reserve.
With...
But it didn't stop, with $802.6 million hitting the funds on Tuesday alone, data from Farside Investors shows. By the end of the week, over $1.75 billion worth of assets had entered the Bitcoin ETFs.
The bullishness comes as Donald Trump is expected to be a net positive for the industry. The Republican campaigned on a promise to help the industry and now buying Bitcoin has never been easier thanks to the funds.
The spot bitcoin ETFs quietly on fire to start year, with $4.2b in flows which is 6% of all ETF flows. Now at +$40b net since launch with aum at $121b and return of 127%. For context they just passed ESG ETFs in assets ($117b) and have about same as gold spot. pic.twitter.com/GADOomLXD4
Bitcoiners had been waiting for it for years. And on Tuesday, President Donald Trump kept his campaign promise to pardon Silk Road founder Ross Ulbricht.
The Bitcoin enthusiast and founder of the dark web e-commerce site—mainly used for buying drugs using Bitcoin—was released shortly after and expressed enormous gratitude to President Trump. The crypto community flooded his digital wallets with BTC donations, too.
You may have heard of Ross Ulbricht and how President Donald Trump just pardoned him.
But who is he, and what’s it got to do with Bitcoin?
For years, the crypto community had been calling for Ulbricht to be freed after a judge in 2015 sentenced him to life in prison.
Who’s Ross?
Ross William Ulbricht, 40, grew up in Austin, Texas, and studied physics at the University of Texas before later getting a Master's in material science at Pennsylvania State University, according to his website’s bio....
But Ulbricht—who went to prison in 2013—might already just be sitting on a goldmine: Untouched Bitcoin wallets linked to Ross Ulbricht and Silk Road now hold over $47 million worth of the asset.
Ulbricht has long been considered a hero in the Bitcoin community for creating one of the first marketplaces to accept the cryptocurrency. And though it still can't be verified that the wallets do indeed belong to him, it's not beyond the realm of possibility.
Following President Donald Trump's pardon of Silk Road founder Ross Ulbricht Tuesday, the Bitcoin community has rallied, pouring crypto into Ulbricht’s donation fund at FreeRoss.org. But does he need the money?
Ulbricht could already be sitting on millions in Bitcoin, according to Conor Grogan, a director at the San Francisco-based cryptocurrency exchange Coinbase. Grogan noted that around 430 BTC—worth approximately $47 million—awaits untouched in wallets possibly linked to Ulbricht. These wall...
Where's Bitcoin?
Ahead of Donald Trump's shock November 5 win, the President had promised plans for a Bitcoin strategic reserve. But after signing his first crypto executive order on Thursday, which touched on the possibility of a crypto stockpile, Bitcoiners noticed one thing—there was no mention of their beloved orange coin, just "digital assets."
President Donald Trump signed his first crypto-related executive order on Thursday, formally establishing a Presidential Working Group on Digital Asset Markets and laying the groundwork for exploring some of his campaign promises—including potentially establishing a national reserve for Bitcoin and other assets.
The Presidential Working Group will advise Trump on matters related to crypto policy and inform his decision-making with regards to the industry. Trump previously announced that the grou...
"The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts," the order read.
The news has angered ardent Bitcoiners, who have been hurling the usual insults about "shitcoinery," and who think it may lead the government to building up a stash of other digital coins.
Emergency Press Conference: Ripple is undermining American prosperity, freedom, and Bitcoin.
Ripple is actively lobbying to stop a Bitcoin Strategic Reserve in the U.S. while pushing their centralized, corporate-controlled token.
Software company MicroStrategy shareholders are seemingly all-in on the firm's Bitcoin strategy: They on Tuesday voted for a 30x increase to the number of authorized Class A common shares so that the company could have more resources to buy the cryptocurrency.
MicroStrategy said Friday that it’s taking measures to manage $1.05 billion in corporate debt that appears to be tied to the initial stages of its Bitcoin buying scheme.
Under the leadership of co-founder and Executive Chairman Michael Saylor, the company has accumulated a stash of 461,000 Bitcoin worth nearly $49 billion, emerging as the largest corporate holder of Bitcoin since purchasing the asset for the first time in August 2020. And it's still buying, adding $1 billion to the pile earlier...
The news came as the company announced its latest Bitcoin buy, bringing its holdings to 461,000 Bitcoin—worth over $48 billion. And on Friday, the firm said that it would redeem over $1 billion worth of its existing debt accumulated early while building up the stash.
Soaring projections
Elsewhere, British multinational bank Standard Chartered, which has come out with very bullish predictions in the past, said in a Wednesday note that Bitcoin would continue to soar as pension funds enter the space.
Bitcoin evangelists are at it again: Coinbase CEO Brian Armstrong joined the million-dollar Bitcoin prophecy club Tuesday, suggesting that the cryptocurrency could reach "multiple millions" in value in what he called “the dawn of a new day for crypto.”
“We have seen just incredible growth and I think it hit an all-time high yesterday, so we feel very good about that,” he told CNBC this morning. “I think over time we'll see Bitcoin get into the multiple millions price range.”
If crypto hypester J...
But there were even bigger price predictions for Bitcoin from major players this week. BlackRock CEO Larry Fink said that growing adoption could push the price of the asset to $700,000, while Coinbase founder and CEO Brian Armstrong projected a price in the "multiple millions" at some undetermined point in the future.
Professor Andrew Urquhart is Professor of Finance and Financial Technology and Head of the Department of Finance at Birmingham Business School (BBS).
This is the fifth instalment of the Professor Coin column, in which I bring important insights from published academic literature on cryptocurrencies to the Decrypt readership. In this article, we’ll investigate cryptocurrency adoption.
Cryptocurrencies are clearly growing in terms of size, scale and types of offerings, which altogether indicates t...
Ross Ulbricht, the founder of Silk Road, will make his first public appearance since his release from prison earlier this year, speaking at the Bitcoin Conference in Las Vegas from May 27 to 29.
The news, announced by Ulbricht on X on April 10, follows a presidential pardon by Donald Trump in January that saw the end of his incarceration.
Trump granted Ulbricht a “full and unconditional pardon,” citing support from the Libertarian movement and calling the sentence “ridiculous.”
From 2011 to 201...
Increasing tariff implementation under President Donald Trump may be influencing a near-term price decline for Bitcoin, but a Grayscale report suggests that the changing global trade dynamics could benefit the top crypto asset.
The crypto asset manager’s report suggests that tariffs and their contribution towards stagflation—an economic state in which there is high or growing inflation alongside low or slowing GDP—may ultimately lead to underperformance of traditional assets. However, historica...
