Crypto, Pepeto and Bitcoin
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Boosted by a pro-cryptocurrency Trump administration, digital coins spent most of last year soaring to new heights. Bitcoin, the world’s most popular digital currency, skyrocketed from below $70,000 before the 2024 election to above $126,
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Crypto outflows from Nobitex, Iran’s largest cryptocurrency exchange, surged 700%, according to blockchain analytics firm Elliptic. The spike was capital flight, executed in real time, by Iranians racing to move money out of a country suddenly under full-scale military bombardment.
Trump Media & Technology Group is considering spinning off Truth Social as part of its merger with TAE Technologies, which could enable it to focus more on its crypto endeavors.
Bitcoin and other crypto funds rebounded with $1 billion worth of inflows last week, ending a five-week, $4 billion losing streak.
Crypto-related stocks rallied alongside digital assets, while a positive Coinbase Premium Index and the strongest U.S. spot bitcoin ETF inflows since early February signaled a tentative return of U.S. buyers and risk appetite.
As the price of bitcoin and other cryptocurrencies has crashed, exchange-traded funds have seen outflows, but ETF selling doesn't look like investor panic.
Trump got elected promising to usher in a crypto revolution. More than a year later, bitcoin's price has come tumbling down. What happened?
Bitcoin jumped to $69,000 on Monday, with strategists pointing to the token's "resilience" amid the Middle East conflict.