Bitcoin (CRYPTO: BTC) is having its moment, and for good reason. The digital asset has soared 85% in the past three months (as of Dec. 11), and this year, it's up an astonishing 140%. It's crazy to think that Bitcoin went from just an idea 16 years ago to an asset worth just over $1.9 trillion today.
Here is a 2-minute breakdown of everything important that happened in crypto today.
Bitcoin has surged to a new record of more than $106,000 (£83,700) amid hopes that Donald Trump will create a US national fund for the currency.
Sheila Warren, CEO of the Crypto Council for Innovation (CCI), has announced she will step down from her role in January 2025.
Bitcoin wallets holding less than 1 BTC, also known as "shrimp" wallets, are expected to increase by nearly 9% in the near term, according to analyst Axel Adler.
Bitcoin has hit a new all-time high of $106,488.25.
SANT'AGATA BOLOGNESE, Italy (Reuters) -Italy's Lamborghini will always make cars in Italy as it plans to launch its first electric model only in 2029, amid a market for luxury sports cars which is not ripe for full electrification, CEO Stephan Winkelmann said on Monday. Lamborghini, a unit of Volkswagen, had previously said its first EV was due in 2028. Lamborghini from this year has an entire hybrid three-model line-up, with the new version of Urus SE SUV, the Revuelto sports car and the new Temerario sports car, presented during the summer and which has a price of over 300,000 euros ($315,000), excluding value-added tax.
Data from the past eight years shows that bitcoin ended December in the green six times since 2015, running at least 8% to as much as 46% (in the outlier year of 2020).
(Bloomberg) -- Germany is heading into 2025 facing a snap election, trade tensions with the US and a possible recession. For debt investors that’s a perfect recipe for another strong year of returns.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfCity Hall Is HiringLondon’s Tube Fares Are Set to Rise by 4.6% Next YearAmerican Institute of Architects CEO ResignsA Bloomberg Index of German bonds is on track to return 1.5% in 20
The new year will usher in the bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses that, together, could push states to become more open to crypto and for public pension funds and treasuries to buy into it. Many bitcoin enthusiasts and investors are quick to criticize government-backed currencies as prone to devaluation and say increased government buy-in will stabilize bitcoin's future price swings, give it more legitimacy and further boost an already rising price. Critics say a crypto investment is highly speculative, with so much unknown about projecting its future returns, and warn that investors should be prepared to lose money.
