Bitcoin news

US stocks (^DJI, ^IXIC, ^GSPC) seem to have calmed in Wednesday's session following the October CPI (Consumer Price Index) print that matched economists' inflation forecasts. Is this a sign that the post-election rally is petering out? Yahoo Finance markets reporter Josh Schafer outlines three major elements markets could currently be pricing in: the Federal Reserve's 2% inflation target, bitcoin's (BTC-USD) latest rally to a record high above $93,000, and IPO forecasts under a second Trump administration. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Luke Carberry Mogan.

The price of bitcoin climbed above $90,000 to notch another intraday record Wednesday, building on a hot streak since Election Day. The largest cryptocurrency by market value traded as high as $93,445 before giving back some of its gains.

Bitcoin prices pushed to record highs on Wednesday, topping $93,000 and continuing the post-election surge for the world's largest cryptocurrency.

Minneapolis Federal Reserve President Neel Kashkari, who previously called the cryptocurrency industry "worthless" and "nonsense," still isn't an uber-bull, though.

Yahoo Finance's Akiko Fujita runs through several of this morning's biggest market stories: Bitcoin (BTC-USD) rallies above $93,000, another new record high for the cryptocurrency, while the altcoin dogecoin (DOGE-USD) rises after President-elect Donald Trump taps supporter Elon Musk for his government efficiency initiative. Super Micro Computer (SMCI) has delayed its latest earnings filing yet again. Gym chain Planet Fitness (PLNT) loses out to PureGym on its bid to acquire the bankrupt Blink Fitness, which is owned by Equinox. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.

Altcoin trading is following a similar path to online poker as the game is getting considerably tougher. But there will continue to be windows of “easy money”, says David Zimmerman, a research analyst at K33 Research.

US stocks (^DJI, ^IXIC, ^GSPC) open Wednesday's session in positive territory after the US Bureau of Labor Statistics reported October's Consumer Price Index (CPI) to have come in line with economist estimates. Morning Brief anchor Brad Smith and Yahoo Finance markets and data editor Jared Blikre monitor the morning's market moves, taking a look at the S&P 600 small cap index (^SP600), the 10-year Treasury yield (^TNX), and the recent price action in gold (GC=F) and bitcoin (BTC-USD). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

October's Consumer Price Index (CPI) report saw prices rise 0.2% month-over-month and 2.6% annually, in line with economist forecasts. The core inflation reading — which excludes food and energy prices — rose 0.3% monthly and 3.3% year-over-year, which were also in line with estimates. Bitcoin (BTC-USD) continues to rally, the cryptocurrency now shooting to a new record high above $89,000 Wednesday morning. President-elect Donald Trump taps billionaire Elon Musk and Vivek Ramaswamy to lead his Department of Government Efficiency (DOGE). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

Following their listing, ether ETFs did not enjoy the same response as their bitcoin equivalents had done in January.

Cardano Foundation, a not-for-profit organization that develops and supports the Cardano network, launched its first Financial Insights Report on Wednesday detailing spending across operations, education and adoption for 2023.

The latest investor updates on stocks that are trending on Wednesday.

Pound near fresh three-month low against dollar ahead of US inflation data.

Deutsche Bank believes the consumer price index will tick down from last month to 0.26%, which would keep the year-on-year reading at 3.3%.

On this week's episode of Yahoo Finance Future Focus, our host Brian McGleenon spoke to Mortgage Advice Bureau deputy CEO Ben Thompson about the recent budget’s impact on housing affordability and accessibility for first-time buyers. Thompson highlighted how the increased stamp duty surcharge on second homes, rising from 3% to 5%, could discourage investors and holiday-home buyers, potentially freeing up more properties for first-time buyers. Additionally, the government’s £5bn investment in new housing, including £500m for the Affordable Homes Programme, aims to expand housing options in the long term. However, the budget missed extending stamp duty relief for first-time buyers, set to end in March 2025, which could intensify demand in the short term. Thompson also noted missed opportunities to support "reluctant renters" by making it easier for long-term tenants to buy their rented homes, suggesting that government-backed incentives and tax relief could encourage landlords to sell to tenants. Ultimately, Thompson saw Labour’s pivot from demand-side to supply-side interventions as a promising step to improve housing affordability for first-time buyers, though he emphasised the need for continued reforms.

Dogecoin surged to as high as 42 cents after President-elect Donald Trump picked Tesla CEO Elon Musk and biotech company founder Vivek Ramaswamy to lead an effort to cut spending, eliminate regulations and restructure federal agencies.

Former Federal Reserve nominee Judy Shelton strikes a bullish tone on crypto versus the dollar.

Traders are eyeing $100,000 for bitcoin by the end of the year potentially. The total crypto market value has surged to $3 trillion since the election.

Monday’s bitcoin rally propelled El Salvador and Bhutan’s crypto stashes to $500 million and $1.1 billion respectively.

The FTSE 100 index is dominated by large international companies, so Trump's election win could have major implications for a number of UK-listed businesses.

The dollar index has rallied since Republican candidate Donald Trump won the US presidential election. His win has changed the fiscal and monetary policy outlook, favoring the greenback.