Bitcoin, the world’s largest cryptocurrency by market value, reached a new record high on Sunday, climbing nearly 2.7% to $125,245.57.
According to Reuters, the digital currency surpassed its previous record of $124,480 set in mid-August, a surge attributed to friendlier regulations from the United States President Donald Trump’s administration and growing interest from institutional investors.
Bitcoin extended its winning streak on Friday, marking its eighth consecutive day of gains, supported by an uptrend in U.S. equities and increasing inflows into bitcoin exchange-traded funds.
ALSO READ: Bitcoin increases to $124,000, sets new record on US policy shift
Meanwhile, the U.S. dollar slipped on Friday, recording multi-week losses against major currencies amid uncertainty over a possible U.S. government shutdown.
The situation has also delayed the release of key economic data, including payrolls, which are vital indicators of the economy’s direction.
ALSO READ TOP STORIES FROM NIGERIAN TRIBUNE
THE Chairman of African Newspapers of Nigeria (ANN) Plc, publishers of the Tribune titles, Ambassador…
SINCE 2023, we have made difficult but necessary decisions: removing the petrol subsidy, unifying the…
In the name of Allah, Most Gracious, Most Merciful Allah, the Most High, says in…
THE warning from the United States concerning Mexican drug cartels in Nigeria should trouble every…
In this interview with Rotimi Ige, Atinuke Babatunde, Head of Content and Channels, West Africa,…
Residents, students and business owners in Keffi and Akwanga, Nasarawa State, are grappling with a…
This website uses cookies.