Crypto Shares Soar in Overnight Trading as Bitcoin Tops $90,000; MicroStrategy, Bit Digital Surge 9%

Tiger Newspress11-12

Bitcoin’s record-breaking rally took the digital asset past $90,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.

Crypto shares soared in overnight trading. MicroStrategy, Bit Digital surged over 9%; Coinbase jumped 7%; Marathon Digital rose 6%.

Trump has vowed friendlier crypto rules and his Republican Party is tightening its grip on Congress, boosting his odds of pushing through his agenda. Trump’s other pledges include setting up a strategic Bitcoin stockpile and fostering domestic mining of the token to make the US the crypto capital of the planet.

His stance is a sharp break from a Securities & Exchange Commission crackdown on the divisive industry under President Joe Biden. The change of tone has energized speculative buying of large and small tokens alike, raising the value of digital assets overall to about $3.1 trillion, CoinGecko data show.

Meanwhile, software firm MicroStrategy Inc. — the largest publicly-traded corporate holder of Bitcoin outside the exchange-traded fund sector — bought about 27,200 Bitcoin for some $2 billion between Oct. 31 and Nov. 10.

Traders for now are paying little heed to questions such as how quickly Trump will implement his agenda or whether a strategic stockpile is a realistic step. The febrile mood is illustrated by a recent doubling in the price of Dogecoin, a meme-crowd favorite promoted by Trump supporter Elon Musk.

Stretched Rally

Bitcoin is up roughly 110% in 2024, helped by robust demand for dedicated US ETFs and interest-rate cuts by the Federal Reserve. The token’s rise exceeds the returns from the likes of global stocks and gold. Turnover in BlackRock Inc.’s $39 billion iShares Bitcoin Trust reached an all-time high on Monday.

Fairlead Strategies LLC technical analyst Katie Stockton in her latest research note said “it would be natural to see a period of digestion after such a steep run-up” in Bitcoin, recommending a “short-term neutral bias.”

Digital-asset companies spent heavily during the US election campaign to boost candidates viewed as favorable to their interests. Against that backdrop, Trump did an about-face, becoming a supporter of an industry he once labeled a scam.

His backing turned Bitcoin into one of a range of so-called Trump trades. Others include US stocks and the dollar, both of which have also been advancing given Trump’s focus on domestic economic growth, tax cuts and protectionist tariffs.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

MIe
11-12
MIe
Btc shares to the boom 💥
Jon777
11-12
Jon777
Let's go to the moon!
Iakopo
11-12
Iakopo
Send me 7k

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The febrile mood is illustrated by a recent doubling in the price of Dogecoin, a meme-crowd favorite promoted by Trump supporter Elon Musk.</p><h3 id=\"id_959295956\" style=\"text-align: start;\">Stretched Rally</h3><p style=\"text-align: start;\">Bitcoin is up roughly 110% in 2024, helped by robust demand for dedicated US ETFs and interest-rate cuts by the Federal Reserve. The token’s rise exceeds the returns from the likes of global stocks and gold. Turnover in BlackRock Inc.’s $39 billion iShares Bitcoin Trust reached an all-time high on Monday.</p><p style=\"text-align: start;\">Fairlead Strategies LLC technical analyst Katie Stockton in her latest research note said “it would be natural to see a period of digestion after such a steep run-up” in Bitcoin, recommending a “short-term neutral bias.”</p><p style=\"text-align: start;\">Digital-asset companies spent heavily during the US election campaign to boost candidates viewed as favorable to their interests. 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MicroStrategy, Bit Digital Surge 9%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-12 15:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-11-11/bitcoin-btc-record-lifts-crypto-market-value-past-pandemic-era-peak?srnd=homepage-asia><strong>Tiger Newspress</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin’s record-breaking rally took the digital asset past $90,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-11-11/bitcoin-btc-record-lifts-crypto-market-value-past-pandemic-era-peak?srnd=homepage-asia\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COIN","symbol_name":"Coinbase Global, Inc.","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2024-11-11/bitcoin-btc-record-lifts-crypto-market-value-past-pandemic-era-peak?srnd=homepage-asia","article_id":"1115669002","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1115669002","pubTimestamp":1731395987,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Bitcoin’s record-breaking rally took the digital asset past $90,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"COIN":"Coinbase Global, Inc.","BTBT":"Bit Digital, Inc.","MARA":"MARA Holdings"},"translate_title":"随着比特币突破90,000美元，加密货币股价在隔夜交易中飙升；MicroStrategy、Bit Digital飙升9%","themeId":"8dd4097fe66d71fdbc548b0ab4302815","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTBT":1.1,"COIN":1.1,"MARA":1.1},"content_text":"Bitcoin’s record-breaking rally took the digital asset past $90,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.Crypto shares soared in overnight trading. MicroStrategy, Bit Digital surged over 9%; Coinbase jumped 7%; Marathon Digital rose 6%.Trump has vowed friendlier crypto rules and his Republican Party is tightening its grip on Congress, boosting his odds of pushing through his agenda. Trump’s other pledges include setting up a strategic Bitcoin stockpile and fostering domestic mining of the token to make the US the crypto capital of the planet.His stance is a sharp break from a Securities & Exchange Commission crackdown on the divisive industry under President Joe Biden. The change of tone has energized speculative buying of large and small tokens alike, raising the value of digital assets overall to about $3.1 trillion, CoinGecko data show.Meanwhile, software firm MicroStrategy Inc. — the largest publicly-traded corporate holder of Bitcoin outside the exchange-traded fund sector — bought about 27,200 Bitcoin for some $2 billion between Oct. 31 and Nov. 10.Traders for now are paying little heed to questions such as how quickly Trump will implement his agenda or whether a strategic stockpile is a realistic step. The febrile mood is illustrated by a recent doubling in the price of Dogecoin, a meme-crowd favorite promoted by Trump supporter Elon Musk.Stretched RallyBitcoin is up roughly 110% in 2024, helped by robust demand for dedicated US ETFs and interest-rate cuts by the Federal Reserve. The token’s rise exceeds the returns from the likes of global stocks and gold. Turnover in BlackRock Inc.’s $39 billion iShares Bitcoin Trust reached an all-time high on Monday.Fairlead Strategies LLC technical analyst Katie Stockton in her latest research note said “it would be natural to see a period of digestion after such a steep run-up” in Bitcoin, recommending a “short-term neutral bias.”Digital-asset companies spent heavily during the US election campaign to boost candidates viewed as favorable to their interests. Against that backdrop, Trump did an about-face, becoming a supporter of an industry he once labeled a scam.His backing turned Bitcoin into one of a range of so-called Trump trades. 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Trump’s other pledges include setting up a strategic Bitcoin stockpile and fostering domestic mining of the token to make the US the crypto capital of the planet.</p><p style=\"text-align: start;\">His stance is a sharp break from a Securities &amp; Exchange Commission crackdown on the divisive industry under President Joe Biden. The change of tone has energized speculative buying of large and small tokens alike, raising the value of digital assets overall to about $3.1 trillion, CoinGecko data show.</p><p>Meanwhile, software firm MicroStrategy Inc. — the largest publicly-traded corporate holder of Bitcoin outside the exchange-traded fund sector — bought about 27,200 Bitcoin for some $2 billion between Oct. 31 and Nov. 10.</p><p style=\"text-align: start;\">Traders for now are paying little heed to questions such as how quickly Trump will implement his agenda or whether a strategic stockpile is a realistic step. The febrile mood is illustrated by a recent doubling in the price of Dogecoin, a meme-crowd favorite promoted by Trump supporter Elon Musk.</p><h3 id=\"id_959295956\" style=\"text-align: start;\">Stretched Rally</h3><p style=\"text-align: start;\">Bitcoin is up roughly 110% in 2024, helped by robust demand for dedicated US ETFs and interest-rate cuts by the Federal Reserve. The token’s rise exceeds the returns from the likes of global stocks and gold. Turnover in BlackRock Inc.’s $39 billion iShares Bitcoin Trust reached an all-time high on Monday.</p><p style=\"text-align: start;\">Fairlead Strategies LLC technical analyst Katie Stockton in her latest research note said “it would be natural to see a period of digestion after such a steep run-up” in Bitcoin, recommending a “short-term neutral bias.”</p><p style=\"text-align: start;\">Digital-asset companies spent heavily during the US election campaign to boost candidates viewed as favorable to their interests. Against that backdrop, Trump did an about-face, becoming a supporter of an industry he once labeled a scam.</p><p style=\"text-align: start;\">His backing turned Bitcoin into one of a range of so-called Trump trades. Others include US stocks and the dollar, both of which have also been advancing given Trump’s focus on domestic economic growth, tax cuts and protectionist tariffs.<br/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Shares Soar in Overnight Trading as Bitcoin Tops $90,000; MicroStrategy, Bit Digital Surge 9%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto Shares Soar in Overnight Trading as Bitcoin Tops $90,000; MicroStrategy, Bit Digital Surge 9%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-11-12 15:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Bitcoin’s record-breaking rally took the digital asset past $90,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/852ba019683cb4f4f198837a9ae4c38c\" title=\"\" tg-width=\"1170\" tg-height=\"1897\"/></p><p style=\"text-align: start;\">Crypto shares soared in overnight trading. <a href=\"https://laohu8.com/S/MSTR\">MicroStrategy</a>, <a href=\"https://laohu8.com/S/BTBT\">Bit Digital</a> surged over 9%; <a href=\"https://laohu8.com/S/COIN\">Coinbase</a> jumped 7%; <a href=\"https://laohu8.com/S/MARA\">Marathon Digital</a> rose 6%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7d20658ae2e14116ea58f1672ab4e394\" tg-width=\"481\" tg-height=\"502\"/></p><p style=\"text-align: start;\">Trump has vowed friendlier crypto rules and his Republican Party is tightening its grip on Congress, boosting his odds of pushing through his agenda. Trump’s other pledges include setting up a strategic Bitcoin stockpile and fostering domestic mining of the token to make the US the crypto capital of the planet.</p><p style=\"text-align: start;\">His stance is a sharp break from a Securities &amp; Exchange Commission crackdown on the divisive industry under President Joe Biden. The change of tone has energized speculative buying of large and small tokens alike, raising the value of digital assets overall to about $3.1 trillion, CoinGecko data show.</p><p>Meanwhile, software firm MicroStrategy Inc. — the largest publicly-traded corporate holder of Bitcoin outside the exchange-traded fund sector — bought about 27,200 Bitcoin for some $2 billion between Oct. 31 and Nov. 10.</p><p style=\"text-align: start;\">Traders for now are paying little heed to questions such as how quickly Trump will implement his agenda or whether a strategic stockpile is a realistic step. The febrile mood is illustrated by a recent doubling in the price of Dogecoin, a meme-crowd favorite promoted by Trump supporter Elon Musk.</p><h3 id=\"id_959295956\" style=\"text-align: start;\">Stretched Rally</h3><p style=\"text-align: start;\">Bitcoin is up roughly 110% in 2024, helped by robust demand for dedicated US ETFs and interest-rate cuts by the Federal Reserve. The token’s rise exceeds the returns from the likes of global stocks and gold. Turnover in BlackRock Inc.’s $39 billion iShares Bitcoin Trust reached an all-time high on Monday.</p><p style=\"text-align: start;\">Fairlead Strategies LLC technical analyst Katie Stockton in her latest research note said “it would be natural to see a period of digestion after such a steep run-up” in Bitcoin, recommending a “short-term neutral bias.”</p><p style=\"text-align: start;\">Digital-asset companies spent heavily during the US election campaign to boost candidates viewed as favorable to their interests. Against that backdrop, Trump did an about-face, becoming a supporter of an industry he once labeled a scam.</p><p style=\"text-align: start;\">His backing turned Bitcoin into one of a range of so-called Trump trades. Others include US stocks and the dollar, both of which have also been advancing given Trump’s focus on domestic economic growth, tax cuts and protectionist tariffs.<br/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","BTBT":"Bit Digital, Inc.","MARA":"MARA Holdings"},"source_url":"https://www.bloomberg.com/news/articles/2024-11-11/bitcoin-btc-record-lifts-crypto-market-value-past-pandemic-era-peak?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115669002","content_text":"Bitcoin’s record-breaking rally took the digital asset past $90,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.Crypto shares soared in overnight trading. MicroStrategy, Bit Digital surged over 9%; Coinbase jumped 7%; Marathon Digital rose 6%.Trump has vowed friendlier crypto rules and his Republican Party is tightening its grip on Congress, boosting his odds of pushing through his agenda. Trump’s other pledges include setting up a strategic Bitcoin stockpile and fostering domestic mining of the token to make the US the crypto capital of the planet.His stance is a sharp break from a Securities & Exchange Commission crackdown on the divisive industry under President Joe Biden. The change of tone has energized speculative buying of large and small tokens alike, raising the value of digital assets overall to about $3.1 trillion, CoinGecko data show.Meanwhile, software firm MicroStrategy Inc. — the largest publicly-traded corporate holder of Bitcoin outside the exchange-traded fund sector — bought about 27,200 Bitcoin for some $2 billion between Oct. 31 and Nov. 10.Traders for now are paying little heed to questions such as how quickly Trump will implement his agenda or whether a strategic stockpile is a realistic step. The febrile mood is illustrated by a recent doubling in the price of Dogecoin, a meme-crowd favorite promoted by Trump supporter Elon Musk.Stretched RallyBitcoin is up roughly 110% in 2024, helped by robust demand for dedicated US ETFs and interest-rate cuts by the Federal Reserve. The token’s rise exceeds the returns from the likes of global stocks and gold. Turnover in BlackRock Inc.’s $39 billion iShares Bitcoin Trust reached an all-time high on Monday.Fairlead Strategies LLC technical analyst Katie Stockton in her latest research note said “it would be natural to see a period of digestion after such a steep run-up” in Bitcoin, recommending a “short-term neutral bias.”Digital-asset companies spent heavily during the US election campaign to boost candidates viewed as favorable to their interests. Against that backdrop, Trump did an about-face, becoming a supporter of an industry he once labeled a scam.His backing turned Bitcoin into one of a range of so-called Trump trades. Others include US stocks and the dollar, both of which have also been advancing given Trump’s focus on domestic economic growth, tax cuts and protectionist tariffs.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370228950175864,"gmtCreate":1731390787131,"gmtModify":1731390791996,"author":{"id":"3560139863772426","authorId":"3560139863772426","name":"Jon777","avatar":"https://static.tigerbbs.com/dfb83fe0ad88b21f2f1625bb19368212","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3560139863772426","authorIdStr":"3560139863772426"},"htmlText":"Let's go to the moon!","listText":"Let's go to the moon!","text":"Let's go to the moon!","images":[{"img":"https://community-static.tradeup.com/news/3ea6c7c93ea620de22b3bb53b37d650a"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370228950175864","repostId":1115669002,"repostType":2,"repost":{"id":"1115669002","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1731395987,"share":"https://ttm.financial/m/news/1115669002?lang=&edition=fundamental","pubTime":"2024-11-12 15:19","market":"us","language":"en","title":"Crypto Shares Soar in Overnight Trading as Bitcoin Tops $90,000; MicroStrategy, Bit Digital Surge 9%","url":"https://stock-news.laohu8.com/highlight/detail?id=1115669002","media":"Tiger Newspress","summary":"Bitcoin’s record-breaking rally took the digital asset past $90,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald ","content":"<html><head></head><body><p style=\"text-align: start;\">Bitcoin’s record-breaking rally took the digital asset past $90,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/852ba019683cb4f4f198837a9ae4c38c\" title=\"\" tg-width=\"1170\" tg-height=\"1897\"/></p><p style=\"text-align: start;\">Crypto shares soared in overnight trading. <a href=\"https://laohu8.com/S/MSTR\">MicroStrategy</a>, <a href=\"https://laohu8.com/S/BTBT\">Bit Digital</a> surged over 9%; <a href=\"https://laohu8.com/S/COIN\">Coinbase</a> jumped 7%; <a href=\"https://laohu8.com/S/MARA\">Marathon Digital</a> rose 6%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7d20658ae2e14116ea58f1672ab4e394\" tg-width=\"481\" tg-height=\"502\"/></p><p style=\"text-align: start;\">Trump has vowed friendlier crypto rules and his Republican Party is tightening its grip on Congress, boosting his odds of pushing through his agenda. Trump’s other pledges include setting up a strategic Bitcoin stockpile and fostering domestic mining of the token to make the US the crypto capital of the planet.</p><p style=\"text-align: start;\">His stance is a sharp break from a Securities &amp; Exchange Commission crackdown on the divisive industry under President Joe Biden. The change of tone has energized speculative buying of large and small tokens alike, raising the value of digital assets overall to about $3.1 trillion, CoinGecko data show.</p><p>Meanwhile, software firm MicroStrategy Inc. — the largest publicly-traded corporate holder of Bitcoin outside the exchange-traded fund sector — bought about 27,200 Bitcoin for some $2 billion between Oct. 31 and Nov. 10.</p><p style=\"text-align: start;\">Traders for now are paying little heed to questions such as how quickly Trump will implement his agenda or whether a strategic stockpile is a realistic step. The febrile mood is illustrated by a recent doubling in the price of Dogecoin, a meme-crowd favorite promoted by Trump supporter Elon Musk.</p><h3 id=\"id_959295956\" style=\"text-align: start;\">Stretched Rally</h3><p style=\"text-align: start;\">Bitcoin is up roughly 110% in 2024, helped by robust demand for dedicated US ETFs and interest-rate cuts by the Federal Reserve. The token’s rise exceeds the returns from the likes of global stocks and gold. Turnover in BlackRock Inc.’s $39 billion iShares Bitcoin Trust reached an all-time high on Monday.</p><p style=\"text-align: start;\">Fairlead Strategies LLC technical analyst Katie Stockton in her latest research note said “it would be natural to see a period of digestion after such a steep run-up” in Bitcoin, recommending a “short-term neutral bias.”</p><p style=\"text-align: start;\">Digital-asset companies spent heavily during the US election campaign to boost candidates viewed as favorable to their interests. Against that backdrop, Trump did an about-face, becoming a supporter of an industry he once labeled a scam.</p><p style=\"text-align: start;\">His backing turned Bitcoin into one of a range of so-called Trump trades. Others include US stocks and the dollar, both of which have also been advancing given Trump’s focus on domestic economic growth, tax cuts and protectionist tariffs.<br/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Shares Soar in Overnight Trading as Bitcoin Tops $90,000; MicroStrategy, Bit Digital Surge 9%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto Shares Soar in Overnight Trading as Bitcoin Tops $90,000; MicroStrategy, Bit Digital Surge 9%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-11-12 15:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Bitcoin’s record-breaking rally took the digital asset past $90,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/852ba019683cb4f4f198837a9ae4c38c\" title=\"\" tg-width=\"1170\" tg-height=\"1897\"/></p><p style=\"text-align: start;\">Crypto shares soared in overnight trading. <a href=\"https://laohu8.com/S/MSTR\">MicroStrategy</a>, <a href=\"https://laohu8.com/S/BTBT\">Bit Digital</a> surged over 9%; <a href=\"https://laohu8.com/S/COIN\">Coinbase</a> jumped 7%; <a href=\"https://laohu8.com/S/MARA\">Marathon Digital</a> rose 6%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7d20658ae2e14116ea58f1672ab4e394\" tg-width=\"481\" tg-height=\"502\"/></p><p style=\"text-align: start;\">Trump has vowed friendlier crypto rules and his Republican Party is tightening its grip on Congress, boosting his odds of pushing through his agenda. Trump’s other pledges include setting up a strategic Bitcoin stockpile and fostering domestic mining of the token to make the US the crypto capital of the planet.</p><p style=\"text-align: start;\">His stance is a sharp break from a Securities &amp; Exchange Commission crackdown on the divisive industry under President Joe Biden. The change of tone has energized speculative buying of large and small tokens alike, raising the value of digital assets overall to about $3.1 trillion, CoinGecko data show.</p><p>Meanwhile, software firm MicroStrategy Inc. — the largest publicly-traded corporate holder of Bitcoin outside the exchange-traded fund sector — bought about 27,200 Bitcoin for some $2 billion between Oct. 31 and Nov. 10.</p><p style=\"text-align: start;\">Traders for now are paying little heed to questions such as how quickly Trump will implement his agenda or whether a strategic stockpile is a realistic step. The febrile mood is illustrated by a recent doubling in the price of Dogecoin, a meme-crowd favorite promoted by Trump supporter Elon Musk.</p><h3 id=\"id_959295956\" style=\"text-align: start;\">Stretched Rally</h3><p style=\"text-align: start;\">Bitcoin is up roughly 110% in 2024, helped by robust demand for dedicated US ETFs and interest-rate cuts by the Federal Reserve. The token’s rise exceeds the returns from the likes of global stocks and gold. Turnover in BlackRock Inc.’s $39 billion iShares Bitcoin Trust reached an all-time high on Monday.</p><p style=\"text-align: start;\">Fairlead Strategies LLC technical analyst Katie Stockton in her latest research note said “it would be natural to see a period of digestion after such a steep run-up” in Bitcoin, recommending a “short-term neutral bias.”</p><p style=\"text-align: start;\">Digital-asset companies spent heavily during the US election campaign to boost candidates viewed as favorable to their interests. Against that backdrop, Trump did an about-face, becoming a supporter of an industry he once labeled a scam.</p><p style=\"text-align: start;\">His backing turned Bitcoin into one of a range of so-called Trump trades. Others include US stocks and the dollar, both of which have also been advancing given Trump’s focus on domestic economic growth, tax cuts and protectionist tariffs.<br/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","BTBT":"Bit Digital, Inc.","MARA":"MARA Holdings"},"source_url":"https://www.bloomberg.com/news/articles/2024-11-11/bitcoin-btc-record-lifts-crypto-market-value-past-pandemic-era-peak?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115669002","content_text":"Bitcoin’s record-breaking rally took the digital asset past $90,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.Crypto shares soared in overnight trading. MicroStrategy, Bit Digital surged over 9%; Coinbase jumped 7%; Marathon Digital rose 6%.Trump has vowed friendlier crypto rules and his Republican Party is tightening its grip on Congress, boosting his odds of pushing through his agenda. Trump’s other pledges include setting up a strategic Bitcoin stockpile and fostering domestic mining of the token to make the US the crypto capital of the planet.His stance is a sharp break from a Securities & Exchange Commission crackdown on the divisive industry under President Joe Biden. The change of tone has energized speculative buying of large and small tokens alike, raising the value of digital assets overall to about $3.1 trillion, CoinGecko data show.Meanwhile, software firm MicroStrategy Inc. — the largest publicly-traded corporate holder of Bitcoin outside the exchange-traded fund sector — bought about 27,200 Bitcoin for some $2 billion between Oct. 31 and Nov. 10.Traders for now are paying little heed to questions such as how quickly Trump will implement his agenda or whether a strategic stockpile is a realistic step. The febrile mood is illustrated by a recent doubling in the price of Dogecoin, a meme-crowd favorite promoted by Trump supporter Elon Musk.Stretched RallyBitcoin is up roughly 110% in 2024, helped by robust demand for dedicated US ETFs and interest-rate cuts by the Federal Reserve. The token’s rise exceeds the returns from the likes of global stocks and gold. Turnover in BlackRock Inc.’s $39 billion iShares Bitcoin Trust reached an all-time high on Monday.Fairlead Strategies LLC technical analyst Katie Stockton in her latest research note said “it would be natural to see a period of digestion after such a steep run-up” in Bitcoin, recommending a “short-term neutral bias.”Digital-asset companies spent heavily during the US election campaign to boost candidates viewed as favorable to their interests. Against that backdrop, Trump did an about-face, becoming a supporter of an industry he once labeled a scam.His backing turned Bitcoin into one of a range of so-called Trump trades. Others include US stocks and the dollar, both of which have also been advancing given Trump’s focus on domestic economic growth, tax cuts and protectionist tariffs.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370181721276536,"gmtCreate":1731379256638,"gmtModify":1731380448682,"author":{"id":"4194481688486792","authorId":"4194481688486792","name":"Iakopo","avatar":"https://community-static.tradeup.com/news/381acc705f1a67b8de41adf45e7c8ba4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4194481688486792","authorIdStr":"4194481688486792"},"htmlText":"Send me 7k","listText":"Send me 7k","text":"Send me 7k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370181721276536","repostId":1115669002,"repostType":4,"repost":{"id":"1115669002","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1731395987,"share":"https://ttm.financial/m/news/1115669002?lang=&edition=fundamental","pubTime":"2024-11-12 15:19","market":"us","language":"en","title":"Crypto Shares Soar in Overnight Trading as Bitcoin Tops $90,000; MicroStrategy, Bit Digital Surge 9%","url":"https://stock-news.laohu8.com/highlight/detail?id=1115669002","media":"Tiger Newspress","summary":"Bitcoin’s record-breaking rally took the digital asset past $90,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald ","content":"<html><head></head><body><p style=\"text-align: start;\">Bitcoin’s record-breaking rally took the digital asset past $90,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/852ba019683cb4f4f198837a9ae4c38c\" title=\"\" tg-width=\"1170\" tg-height=\"1897\"/></p><p style=\"text-align: start;\">Crypto shares soared in overnight trading. <a href=\"https://laohu8.com/S/MSTR\">MicroStrategy</a>, <a href=\"https://laohu8.com/S/BTBT\">Bit Digital</a> surged over 9%; <a href=\"https://laohu8.com/S/COIN\">Coinbase</a> jumped 7%; <a href=\"https://laohu8.com/S/MARA\">Marathon Digital</a> rose 6%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7d20658ae2e14116ea58f1672ab4e394\" tg-width=\"481\" tg-height=\"502\"/></p><p style=\"text-align: start;\">Trump has vowed friendlier crypto rules and his Republican Party is tightening its grip on Congress, boosting his odds of pushing through his agenda. Trump’s other pledges include setting up a strategic Bitcoin stockpile and fostering domestic mining of the token to make the US the crypto capital of the planet.</p><p style=\"text-align: start;\">His stance is a sharp break from a Securities &amp; Exchange Commission crackdown on the divisive industry under President Joe Biden. The change of tone has energized speculative buying of large and small tokens alike, raising the value of digital assets overall to about $3.1 trillion, CoinGecko data show.</p><p>Meanwhile, software firm MicroStrategy Inc. — the largest publicly-traded corporate holder of Bitcoin outside the exchange-traded fund sector — bought about 27,200 Bitcoin for some $2 billion between Oct. 31 and Nov. 10.</p><p style=\"text-align: start;\">Traders for now are paying little heed to questions such as how quickly Trump will implement his agenda or whether a strategic stockpile is a realistic step. The febrile mood is illustrated by a recent doubling in the price of Dogecoin, a meme-crowd favorite promoted by Trump supporter Elon Musk.</p><h3 id=\"id_959295956\" style=\"text-align: start;\">Stretched Rally</h3><p style=\"text-align: start;\">Bitcoin is up roughly 110% in 2024, helped by robust demand for dedicated US ETFs and interest-rate cuts by the Federal Reserve. The token’s rise exceeds the returns from the likes of global stocks and gold. Turnover in BlackRock Inc.’s $39 billion iShares Bitcoin Trust reached an all-time high on Monday.</p><p style=\"text-align: start;\">Fairlead Strategies LLC technical analyst Katie Stockton in her latest research note said “it would be natural to see a period of digestion after such a steep run-up” in Bitcoin, recommending a “short-term neutral bias.”</p><p style=\"text-align: start;\">Digital-asset companies spent heavily during the US election campaign to boost candidates viewed as favorable to their interests. Against that backdrop, Trump did an about-face, becoming a supporter of an industry he once labeled a scam.</p><p style=\"text-align: start;\">His backing turned Bitcoin into one of a range of so-called Trump trades. Others include US stocks and the dollar, both of which have also been advancing given Trump’s focus on domestic economic growth, tax cuts and protectionist tariffs.<br/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Shares Soar in Overnight Trading as Bitcoin Tops $90,000; MicroStrategy, Bit Digital Surge 9%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto Shares Soar in Overnight Trading as Bitcoin Tops $90,000; MicroStrategy, Bit Digital Surge 9%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-11-12 15:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Bitcoin’s record-breaking rally took the digital asset past $90,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/852ba019683cb4f4f198837a9ae4c38c\" title=\"\" tg-width=\"1170\" tg-height=\"1897\"/></p><p style=\"text-align: start;\">Crypto shares soared in overnight trading. <a href=\"https://laohu8.com/S/MSTR\">MicroStrategy</a>, <a href=\"https://laohu8.com/S/BTBT\">Bit Digital</a> surged over 9%; <a href=\"https://laohu8.com/S/COIN\">Coinbase</a> jumped 7%; <a href=\"https://laohu8.com/S/MARA\">Marathon Digital</a> rose 6%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7d20658ae2e14116ea58f1672ab4e394\" tg-width=\"481\" tg-height=\"502\"/></p><p style=\"text-align: start;\">Trump has vowed friendlier crypto rules and his Republican Party is tightening its grip on Congress, boosting his odds of pushing through his agenda. Trump’s other pledges include setting up a strategic Bitcoin stockpile and fostering domestic mining of the token to make the US the crypto capital of the planet.</p><p style=\"text-align: start;\">His stance is a sharp break from a Securities &amp; Exchange Commission crackdown on the divisive industry under President Joe Biden. The change of tone has energized speculative buying of large and small tokens alike, raising the value of digital assets overall to about $3.1 trillion, CoinGecko data show.</p><p>Meanwhile, software firm MicroStrategy Inc. — the largest publicly-traded corporate holder of Bitcoin outside the exchange-traded fund sector — bought about 27,200 Bitcoin for some $2 billion between Oct. 31 and Nov. 10.</p><p style=\"text-align: start;\">Traders for now are paying little heed to questions such as how quickly Trump will implement his agenda or whether a strategic stockpile is a realistic step. The febrile mood is illustrated by a recent doubling in the price of Dogecoin, a meme-crowd favorite promoted by Trump supporter Elon Musk.</p><h3 id=\"id_959295956\" style=\"text-align: start;\">Stretched Rally</h3><p style=\"text-align: start;\">Bitcoin is up roughly 110% in 2024, helped by robust demand for dedicated US ETFs and interest-rate cuts by the Federal Reserve. The token’s rise exceeds the returns from the likes of global stocks and gold. Turnover in BlackRock Inc.’s $39 billion iShares Bitcoin Trust reached an all-time high on Monday.</p><p style=\"text-align: start;\">Fairlead Strategies LLC technical analyst Katie Stockton in her latest research note said “it would be natural to see a period of digestion after such a steep run-up” in Bitcoin, recommending a “short-term neutral bias.”</p><p style=\"text-align: start;\">Digital-asset companies spent heavily during the US election campaign to boost candidates viewed as favorable to their interests. Against that backdrop, Trump did an about-face, becoming a supporter of an industry he once labeled a scam.</p><p style=\"text-align: start;\">His backing turned Bitcoin into one of a range of so-called Trump trades. Others include US stocks and the dollar, both of which have also been advancing given Trump’s focus on domestic economic growth, tax cuts and protectionist tariffs.<br/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","BTBT":"Bit Digital, Inc.","MARA":"MARA Holdings"},"source_url":"https://www.bloomberg.com/news/articles/2024-11-11/bitcoin-btc-record-lifts-crypto-market-value-past-pandemic-era-peak?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115669002","content_text":"Bitcoin’s record-breaking rally took the digital asset past $90,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.Crypto shares soared in overnight trading. MicroStrategy, Bit Digital surged over 9%; Coinbase jumped 7%; Marathon Digital rose 6%.Trump has vowed friendlier crypto rules and his Republican Party is tightening its grip on Congress, boosting his odds of pushing through his agenda. Trump’s other pledges include setting up a strategic Bitcoin stockpile and fostering domestic mining of the token to make the US the crypto capital of the planet.His stance is a sharp break from a Securities & Exchange Commission crackdown on the divisive industry under President Joe Biden. The change of tone has energized speculative buying of large and small tokens alike, raising the value of digital assets overall to about $3.1 trillion, CoinGecko data show.Meanwhile, software firm MicroStrategy Inc. — the largest publicly-traded corporate holder of Bitcoin outside the exchange-traded fund sector — bought about 27,200 Bitcoin for some $2 billion between Oct. 31 and Nov. 10.Traders for now are paying little heed to questions such as how quickly Trump will implement his agenda or whether a strategic stockpile is a realistic step. The febrile mood is illustrated by a recent doubling in the price of Dogecoin, a meme-crowd favorite promoted by Trump supporter Elon Musk.Stretched RallyBitcoin is up roughly 110% in 2024, helped by robust demand for dedicated US ETFs and interest-rate cuts by the Federal Reserve. The token’s rise exceeds the returns from the likes of global stocks and gold. Turnover in BlackRock Inc.’s $39 billion iShares Bitcoin Trust reached an all-time high on Monday.Fairlead Strategies LLC technical analyst Katie Stockton in her latest research note said “it would be natural to see a period of digestion after such a steep run-up” in Bitcoin, recommending a “short-term neutral bias.”Digital-asset companies spent heavily during the US election campaign to boost candidates viewed as favorable to their interests. Against that backdrop, Trump did an about-face, becoming a supporter of an industry he once labeled a scam.His backing turned Bitcoin into one of a range of so-called Trump trades. Others include US stocks and the dollar, both of which have also been advancing given Trump’s focus on domestic economic growth, tax cuts and protectionist tariffs.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":17,"commentSize":3,"repostSize":6,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1115669002"}