EconomyLens.com
No Result
View All Result
Saturday, June 14, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Markets

Bitcoin hits record high amid optimism over US legislation

Thomas Barnes by Thomas Barnes
May 21, 2025
in Markets
Reading Time: 3 mins read
A A
3
33
SHARES
414
VIEWS
Share on FacebookShare on Twitter

Logos of Bitcoin and different cryptocurrencies. ©AFP

London (AFP) – Bitcoin hit a record high on Wednesday, driven by a wave of optimism over cryptocurrency legislation in the United States. The world’s most popular cryptocurrency surged to an all-time peak of $109,499.76, surpassing its previous high set on January 20 when Donald Trump was sworn in as US president.

Related

Dollar dives on Trump’s new trade threat

Shares stumble after Trump’s latest trade threat

EU crypto regulation hampered by national flaws

Asian shares stumble after Trump’s latest trade threat

Wall Street climbs on easing US-China tensions, cool US inflation

Bitcoin gained after US policymakers showed greater bipartisan support for a cryptocurrency bill on the regulation of so-called stablecoins, digital coins whose value is tied to the dollar, according to analysts. This has sparked fresh hopes for regulatory clarity in the sector, including for Bitcoin which is not directly linked to the dollar.

The digital currency has also been buoyed by a more favourable macroeconomic environment, as investors’ appetite for riskier assets has returned following an easing of tensions between the US and its key trading partners. Trump vowed to support cryptocurrencies during his campaign for a second White House term. But a wave of US tariffs unleashed on countries around the world dampened financial markets, causing a wave of uncertainty.

Bitcoin broke back through the symbolic $100,000 threshold on May 8 for the first time since February, as Britain and the United States unveiled a trade deal. Cryptocurrencies have made headlines since their creation, gaining attention for their extreme volatility and the collapse of several industry giants, foremost among them the FTX exchange platform.

The digital currency is created — or “mined” — as a reward when powerful computers solve complex problems to validate transactions made on a meddle-proof register known as the blockchain.

© 2024 AFP

Tags: bitcoincryptocurrencyregulation
Share13Tweet8Share2Pin3Send
Previous Post

G7 finance chiefs hold talks under strain of Trump tariffs

Next Post

Oil prices jump on report of Israel prepping Iran strike

Thomas Barnes

Thomas Barnes

Related Posts

Markets

Stocks rise after China-US framework on trade

June 11, 2025
Markets

Global stocks mixed as markets eye US-China trade talks

June 10, 2025
Markets

Stocks diverge awaiting China-US trade talks

June 9, 2025
Markets

Stocks and dollar climb on reassuring US jobs data

June 6, 2025
Markets

Markets wobble as Trump-Xi talks offset by Musk row

June 6, 2025
Markets

Stocks build on gains after jobs data, Seoul surges on Lee’s win

June 4, 2025
Next Post

Oil prices jump on report of Israel prepping Iran strike

High-flying young electricians wire UK energy switch

Canal+ buyout of S.Africa's MultiChoice one step closer

Epic Games says Fortnite back on Apple's US App Store

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

71

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Google turns internet queries into conversations

June 13, 2025

Spain economy minister urges fair, balanced EU-US tariff deal

June 13, 2025

Startups show off ocean-preserving tech at Paris trade fair

June 13, 2025

War, trade and Air India crash cast cloud over Paris Air Show

June 14, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.