Sunil Jagtiani

(Bloomberg) -- Bitcoin dropped almost 7% for a short while a day after an historic surge past $100,000 led some traders to hedge for a retreat.

Fell as low as $92 144 on Friday before steadying at $97 851 as of 6:05 a.m. in London. By Sunil Jagtiani, Bloomberg 6 Dec 2024

(Bloomberg) -- Bitcoin stabilized just below the $100,000 level it topped for the first time this week after briefly diving almost 7% earlier in the day, underscoring rising volatility following the past month’s rally. Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectThe digital asset fell as low as $92,144 before rebou

(Bloomberg) -- A bout of selling buffeted crypto as the optimism sparked by President-elect Donald Trump's embrace of the sector begins to cool.

(Bloomberg) -- A bout of selling buffeted crypto as the optimism sparked by President-elect Donald Trump’s embrace of the sector begins to cool.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectCloud Computing Tax Threatens Chicago’s Silicon Valley AmbitionsNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitBitcoin

Bitcoin renewed a climb past $100,000 after the latest US inflation data bolstered bets on another Federal Reserve interest-rate cut.

(Bloomberg) -- Bitcoin traded around the $100,000 level, supported by further signs that proponents of the cryptocurrency sector will help to shape US financial regulations under President-elect Donald Trump.

Bitcoin climbed to a record high, extending a rally sparked by President-elect Donald Trump 's support for digital assets and his plan to turn the US into the dominant force in the sector.

Bitcoin sank the most in more than three months, part of a wider retreat in speculative investments after the Federal Reserve signaled greater caution about the scope for future interest-rate reductions.

Bitcoin is headed toward its first weekly decline since Donald Trump’s victory in last month’s US election as a cautious Federal Reserve policy outlook tempers optimism sparked by the president-elect’s embrace of the crypto sector.