Trump president? Bitcoin rejoices, traders salivate. Digital gold could well soar, and Wall Street implores it!
Ethereum, the undeniable giant of the blockchain, is making a new leap forward with the launch of the Mekong testnet, a name that resonates like a nod to the mysterious waters of the famous Asian river. At first glance, Mekong may seem like a simple addition to the Ethereum ecosystem.
The U.S. Federal Reserve took a decisive step this Thursday by lowering its key interest rate by 25 basis points, bringing it to a range of 4.5%-4.75%. This decision, coming the day after Donald Trump's electoral victory, immediately propelled the crypto market to new heights, with Bitcoin reaching an all-time high of $76,951.
Bitcoin, a true barometer of alternative financial markets, has reached a historic milestone by surpassing the $76,800 mark. A staggering figure, indeed, but according to many analysts, it is just the first page of a book that promises to become a bestseller. So, why this meteoric rise, and what else…
The crypto ecosystem is experiencing a new historical dynamic with a massive influx of stablecoins into major exchange platforms. Binance and Coinbase, market leaders, recorded combined inflows of $9.3 billion in ERC-20 stablecoins.
The relations between the two largest global economic powers, the United States and China, are once again at the heart of trade tensions. Barely elected, Donald Trump is reinforcing his intentions to pursue a no-holds-barred protectionist policy, seeking to impose record tariffs on Chinese imports. This approach echoes his first term, where heavy tariffs created a precedent in the Sino-American trade war. But this time, in a post-pandemic context where the global economy is still fragile, the repercussions could prove to be more significant. While Beijing advocates for dialogue, the world is bracing for a new phase of commercial confrontation with potentially global effects.
The storm may be brewing for Bitcoin. This time, it is not the result of the usual market fluctuations, but of an analysis anticipating a drop that could shake investor confidence. As Bitcoin flirts with a new historical peak around $75,000, respected analyst Benjamin Cowen warns of a possible substantial drop in price. According to him, a reversal could take shape in early December, coinciding with the release of the U.S. employment report.
Wecan Group, a Geneva-based fintech, transforms KYC compliance in Europe through a decentralized blockchain solution. Sought after by institutions in financial centers in Luxembourg, this innovation redefines traditional practices, enhancing security and efficiency.
Trump at the helm and here comes Bitcoin sparking: BlackRock scoops up the billions, everything is going smoothly for the ETF!
The Russian government has stepped into the bitcoin industry. This support is likely not unrelated to the ambition of bringing about a fairer international monetary system.