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Bit Digital Newsroom
Witness history as bitcoin breaks the 0.1 million dollar mark! Another national leader is rallying for cryptos, with Putin stating: bitcoin is better than forex reserves.
① It's not just usa President Trump; now, Russian President Putin also clearly supports cryptos. ② On Wednesday, Putin questioned the necessity of russia holding forex reserves and hinted that bitcoin might be a better option.
Trump ignited the cryptocurrency market, and in November, the trading volume of digital currencies exceeded 10 trillion dollars for the first time in history.
According to data collected by CCData, the combined trading volume of cryptos doubled in November. Spot trading volume increased by 128%, reaching 3.43 trillion USD, the second highest figure since May 2021; derivative trading volume rose by 89%, reaching 6.99 trillion USD, setting a new record.
Daily digital currency updates (2024-12-05)
Bitcoin first broke through the $0.1 million mark on Thursday, with the market expecting the Trump administration to create a friendly regulatory environment for cryptos.
Breaking through 0.1 million! Bitcoin enters the era of "six figures".
Is it the hard currency of the 'cyberpunk' era, or a beautiful bubble created by capital speculation? Amidst these contrasting evaluations, bitcoin has spectacularly risen to 0.1 million dollars.
Express News | JPMorgan: Bitcoin volatility has reached four times that of the s&p 500, building an investment portfolio depends on risk tolerance.
Putin: Bitcoin is better than the US dollar reserves, and no one can ban bitcoin.
Russian President Putin also explicitly supports cryptos, questioning the necessity of US dollar forex reserves, and praising bitcoin as a potentially better option.
Express News | Since Trump's election, the inflow of spot bitcoin etf in the usa has exceeded 8 billion dollars.
Federal Reserve's over 70 years of independence at risk! Powell: Do not believe Trump will appoint a "shadow chairman" bitcoin is a non-dollar competitor.
Federal Reserve Chairman Powell stated that he will maintain a good relationship with the new government and does not believe that Trump will appoint a "shadow chairman of the Federal Reserve." He pointed out that bitcoin is not a competitor to the dollar, but rather to gold.
Powell's miscellaneous talk: There will be no "shadow Fed", bitcoin's competitor is gold.
①Federal Reserve Chairman Powell shared his personal career experience on Wednesday and expressed his views on issues such as the new Trump administration, the US economy, and bitcoin; ② Powell emphasized that the independence of the Federal Reserve is protected by law and stated that Trump's envisioned "Shadow Federal Reserve" is not possible.
Hong Kong stocks early report on December 5: Most china concept stocks declined, Meitu cleared cryptocurrency profits of about 0.571 billion yuan.
① The latest Beige Book survey by the Federal Reserve shows a slight increase in economic activity in November. ② Powell said the Federal Reserve can be cautious when seeking a neutral interest rate. ③ Trump chose digital assets advocate Paul Atkins to be the chairman of the U.S. Securities and Exchange Commission, leading to a big surge in cryptos and their concept stocks. ④ The three major U.S. stock indexes hit new all-time highs on Wednesday, while most popular China concept stocks declined.
Bitcoin is sprinting towards the 0.1 million mark! Trump nominated crypto-friendly Paul Atkins as SEC chairman, and crypto concept stocks are soaring across the board.
After taking office, Atkins is expected to focus on reducing regulation and easing penalties for violations. He is currently the CEO of the consulting institution Patomak Global Partners. The institution stated that since 2017, Atkins has been committed to establishing best practices for the issuance and trading of digital assets as the co-chair of the advocacy organization Token Alliance for the crypto industry. Trump stated that Atkins recognizes that digital assets and other innovations are crucial for making the usa greater than ever.
Shares of Stocks in the Broader Software Sector Are Trading Higher. Some Names May Be Moving Following Better-than-expected Earnings From Salesforce and Okta.
Trump Nominates Atkins to Succeed Gensler as SEC Chair
Trump nominated cryptocurrency-friendly Paul Atkins as SEC chairman, and bitcoin saw an increase of over a thousand dollars during trading.
After taking office, Atkins is expected to focus on reducing regulation and alleviating penalties for violations. He is currently the CEO of the consulting institution Patomak Global Partners. The institution states that since 2017, Atkins has been committed to establishing best practices for the issuance and trading platform of digital assets as a co-chair of the cryptocurrency industry advocacy organization Token Alliance. Trump stated that Atkins recognizes that digital assets and other innovations are crucial for making the usa greater than ever before.
New Altcoin Leaders Emerge as Bitcoin Stalls Below $100K
The next catalyst for bitcoin: Trump's SEC and CFTC nominees, usa bitcoin reserves?
Currently, Paul Atkins, who supports cryptos, is seen as a leading candidate for the next SEC chairman, and Trump's transition team is also discussing whether to establish the first White House position specifically responsible for digital assets policy. Since Trump's victory on November 5, the market cap of the cryptocurrency market has increased by approximately 1.3 trillion dollars.
Express News | In pre-market trading: top-performing stocks rose collectively, with okta increasing by over 16%.
Bitcoin Churns Near US$97,000 as Crypto Awaits Trump's Next Step
Latest cryptos news | Bitcoin fluctuates around 96,000 dollars; the Trump administration may allow more crypto companies to go public.
The Trump administration may allow more cryptos companies to conduct IPOs, and the future regulatory environment may change, thus providing more financing channels and development opportunities for crypto companies. It is reported that the initial public offering market may soon open to stablecoin provider Circle Internet Financial, trade platform Kraken, and other companies wishing to go public.
Bitcoin failed to break through $0.1 million and turned into oscillation, the market is waiting for Trump's next move.
Cryptocurrency speculators still see the milestone of $0.1 million as their target level for bitcoin, hoping for further measures to support this industry from the incoming President Trump of the USA.