• Dec 04, 2024

President-Elect Donald Trump Is Poised to Make This Holiday Season Extra Special for Bitcoin, XRP, and the Rest of the Crypto-verse

While Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency, has performed well all year, the rest of the crypto-verse has President-elect Donald Trump to thank. Crypto prices started moving significantly higher in the weeks leading up to the election, as the betting odds favored Trump winning the election. The good news keeps coming for crypto, and Trump is poised to make this holiday season extra special for Bitcoin and the rest of the crypto-verse.

  • Dec 04, 2024

OPEC+ Has Agreement in Principle to Delay Oil Output Hike

(Bloomberg) -- OPEC+ already has an agreement in principle to postpone planned January production increase, with discussions continuing about the duration of the delay, delegates said. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionKansas City Looks Back on its Long, Costly Ride With MicrotransitRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsMinisters from the group will meet online later on Thursday to finalize details of the accord, with th

  • Dec 04, 2024

Michael Saylor's Bitcoin Strategy Drives MicroStrategy's 490% Surge, Hedge Fund CIO Says It's An 'Extreme Example' Of Volatility Monetization

MicroStrategy Inc. (NASDAQ:MSTR) is attracting hedge fund interest through its convertible notes offerings, as co-founder Michael Saylor continues his aggressive Bitcoin (CRYPTO: BTC) purchase strategy that has driven the company’s stock up more than 490% this year, as of Wednesday. What Happened: Calamos Advisors LLC, among other major hedge funds, has appeared as a key player in MicroStrategy’s $6 billion convertible note issuance this year, reported Bloomberg. These notes, created to finance

  • Dec 04, 2024

Singapore’s Bank Stock Rally Pushes Market Near Record High

(Bloomberg) -- Singapore’s stock market edged closer to an all-time high on Thursday, after a prolonged rally in bank shares.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionKansas City Looks Back on its Long, Costly Ride With MicrotransitRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe benchmark Straits Times Index rose as much as 1.1% during the day before paring its gains to finish up 0.6%. That put the market just shy of the record closin

  • Dec 04, 2024

Instant view: Bitcoin vaults above $100,000

The world's largest cryptocurrency was last trading at $102,900 . Since Trump's win on Nov. 5, the price has surged around 45%, driven by a swathe of buying that has poured capital into U.S. bitcoin-backed exchange-traded funds. Bitcoin prices are buoyant with crypto adoption possibly reaching an inflection point in the US.