• Dec 05, 2024

Euro rebounds as French bonds stabilize; bitcoin jumps past $100,000

The euro rallied on Thursday as French government bonds steadied a day after the collapse of France's government, even as bitcoin soared to a record past $100,000, with investors cheering the nomination of a pro-cryptocurrency head to run the U.S. Securities and Exchange Commission. The spread between French and German 10-year yields narrowed on Thursday to 76.9 basis points, the tightest gap since Nov. 22. That has helped support the euro.

  • Dec 05, 2024

Bitcoin has surpassed the $100,000 mark as the post-election rally continues. What's next?

Bitcoin topped $100,000 for the first time this week as a massive rally in the world's most popular cryptocurrency, largely accelerated by the election of Donald Trump, rolls on. The cryptocurrency officially to rose six figures Wednesday night, just hours after the president-elect said he intends to nominate cryptocurrency advocate Paul Atkins to be the next chair of the Securities and Exchange Commission. Bitcoin has soared since Trump won the U.S. presidential election on Nov. 5.

  • Dec 05, 2024

Wall Street stocks, bitcoin take breath from record highs ahead of US jobs data

BOSTON/LONDON (Reuters) -Bitcoin traded near $100,000 on Thursday as investors bet on a friendly U.S. regulatory shift, while world stocks pulled back slightly but held near record highs ahead of a key U.S. jobs report. France's government lost a confidence vote late on Wednesday for the first time since 1962, with far-right and leftist lawmakers joining forces to topple Michel Barnier's government. The move had been widely anticipated by investors, so the euro, French stocks and bonds were largely steady on Thursday as Barnier officially resigned.

  • Dec 05, 2024

Indexes dip with UnitedHealth, tech, ahead of jobs report

NEW YORK (Reuters) -U.S. stocks ended lower on Thursday, with UnitedHealth down sharply and technology shares easing as investors awaited Friday's jobs report. UnitedHealth's stock dropped 5.2% and was the biggest weight on the Dow and S&P 500, while the S&P 500 healthcare index fell 1.1%. Health insurance companies are reassessing the risks for their top executives the day after the murder of UnitedHealthcare CEO Brian Thompson in Manhattan.

  • Dec 05, 2024

Bitcoin storms above $100,000 as Trump 2.0 fuels crypto euphoria

Once it broke $100,000 in Thursday's Asian morning, boosted by U.S. President-elect Trump's nomination of pro-crypto Paul Atkins to run the Securities and Exchange Commission, it was soon at an all-time high of $103,649. The total value of the cryptocurrency market has almost doubled over the year so far to hit a record over $3.8 trillion, according to data provider CoinGecko. Bitcoin has more than doubled in value this year and is up more than 50% in the four weeks since Donald Trump's sweeping election victory, which also saw a slew of pro-crypto lawmakers being elected to Congress.