Bitcoin news

Investors will be closely watching a fresh reading on inflation for clues on the Fed's interest rate-cutting path.

Trump's pledge to create a bitcoin stockpile has been one of the bullish developments that's propelled the token to all-time highs since the election.

Bitcoin may be at a record high, recapturing public attention as it crests six figures. But despite Coinbase climbing the App Store and Google Trends showing higher interest in "buy bitcoin," key sentiment metrics are showing things are fairly calm.

President-elect Donald Trump has nominated Wall Street titan Scott Bessent as Treasury Secretary.

Yahoo Finance Markets & Data Editor Jared Blikre analyzes three top market developments after Friday's closing bell. He breaks down factors propelling stock market (^DJI, ^IXIC, ^GSPC) gains, particularly the movement in the US Dollar Index (DX-Y.NYB), the market's potential third consecutive year of double-digit returns, and the emerging trend of crypto farming versus traditional mining. 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 Angel Smith

It was another jam-packed week for Wall Street with one of the headlining events being Nvidia's (NVDA) third quarter earnings release. Though facing pressure to outperform its revenue and profit beat by a wider margin, analysts remain confident in Nvidia's growth outlook and dominant position in the AI chip landscape. Hear more expert commentary from: - Mariner Wealth Advisors chief investment strategist and head of equities Jeff Krumpelman- Futurum Group practice lead for devices Olivier Blanchard- Moor Insights & Strategy Founder, CEO, and Chief Analyst Patrick Moorhead Bitcoin (BTC-USD) has been riding its post-election rally to new heights, now sitting just below $100,000 at the end of this trading week. Momentum in the crypto space has been further spurred by the prospects of President-elect Donald Trump's Cabinet nominations for regulator positions and Securities and Exchange Commission (SEC) Chair Gary Gensler's announced resignation coming in January 2025. Hear more expert commentary from: - Galaxy Digital CEO Mike Novogratz- Metafide CEO Frank Speiser- Charles Schwab president and incoming CEO Rick Wurster Yahoo Finance also spoke with Walmart (WMT) CFO John David Rainey as the major retailer reported third quarter earnings alongside Target (TGT). Hear more expert commentary from: - HSBC senior Americas retail analyst Daniela Bretthauer This post was written by Luke Carberry Mogan.

The Dow Jones Industrial Average (^DJI) leads in gains for the market indexes (^IXIC, ^GSPC), closing out Friday's session just shy of a 1% increase. Bitcoin (BTC-USD) continues to rally, rising just below $100,000 earlier today. Market Domination Overtime's Julie Hyman and Yahoo Finance markets and data editor Jared Blikre recap this week's market and sector action coming off of Nvidia's (NVDA) third quarter earnings release on Wednesday. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan.

"What I tell everybody is every bitcoin you don't buy today is going to cost you $13 million in the future," Michael Saylor told CNBC on Friday.

Securities and Exchange Commission (SEC) Chair Gary Gensler will step down from his position this January ahead of President-elect Donald Trump's reentry into the White House. Gensler's departure comes as bitcoin (BTC-USD) nears $100,000, with crypto investors hoping the new SEC chair will be more favorable to crypto. Oppenheimer executive director and senior analyst Owen Lau joins Catalysts Hosts Seana Smith and Madison Mills to discuss his crypto outlook and who could fill the SEC chair opening. "This is big news, but it's also widely expected news coming out from Gary Gensler. And I think the No. 1 thing is the expectation [that] the new SEC chair will more likely embrace crypto," Lau says, nodding to President-elect Donald Trump's pro-crypto attitude. He adds, "We are going to have a SEC chair that will embrace crypto and what that means is it will dramatically reduce enforcement actions against this industry. It is huge because it represents a dramatic regime shift from violation of securities laws to crypto capital in the world." As far as who could replace Gensler, Lau notes he views Teresa Goody Guillén as "a dark horse," saying, "I think she is more favored by the crypto community ... My sense is this candidate is favored by the crypto industry and she's a dark horse." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan.

Bitcoin (BTC-USD) struck above $99,000 in Friday's early hours as the cryptocurrency nears a $100,000 milestone in its post-2024 election rally. Crypto traders have become even more optimistic around Securities and Exchange Commission (SEC) Chair Gary Gensler's plans to step down in January and what that could signal for crypto regulation under a second Trump administration. "At this point, what we are looking for is something that we can work with because we know how to work with regulators. And so, you know, a company like Robinhood (HOOD) is already regulated by the SEC, by FINRA [Financial Industry Regulatory Authority], by the New York DFS [Department of Financial Services, we have a BitLicense," Robinhood Crypto Vice President and General Manager Johann Kerbrat explains to Yahoo Finance's Morning Brief. "If we have this clear framework, where it's not just regulation by enforcement, we'll be able to make it work and we'll be able to offer cryptocurrency safely to customers." Kerbrat explains to hosts Seana Smith and Brad Smith how investors appear "more enthusiastic" to get into the crypto market, stemming from regulatory "clarity" being expected from President-elect Donald Trump and the officials under him. 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.

Securities and Exchange Commission (SEC) Chair Garry Gensler will step down in January, creating an opportunity for the incoming Trump administration to potentially reshape crypto regulation. Known for his strict approach to cryptocurrency oversight, Gensler's departure opens the door for a potentially more crypto-friendly SEC leader. Yahoo Finance Banking Reporter David Hollerith analyzes the implications of Gensler's resignation, exploring potential successors and the future landscape of crypto regulation. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith

The Dow Jones Industrial Average (^DJI) leads gains in a mixed morning for stocks (^IXIC, ^GSPC) on Friday as the tech sector continues to digest Nvidia's (NVDA) third quarter performance. Morning Brief host Brad Smith and Yahoo Finance markets and data editor Jared Blikre track the moves across market indexes, including the Russell 2000 small-cap index (^RUT), Treasury yields (^TYX, ^TNX, ^FVX), and the latest in gold (GC=F) and bitcoin (BTC-USD) prices. 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.

US stock futures (ES=F, NQ=F, YM=F) settle down Friday morning after an eventful trading week as Nvidia (NVDA) shares fluctuate since reporting third quarter earnings this past Wednesday. Bitcoin (BTC-USD) temporarily rose above $99,000 earlier this morning, hitting a new record high as it nears the $100,000 mark. The cryptocurrency has rallied higher on Thursday's headlines of Securities and Exchange Commission (SEC) Chair Gary Gensler's plans to retire this January with the crypto space optimistic over more crypto-friendly regulation in a second Trump administration. The search continues for President-elect Donald Trump's Treasury secretary pick as he fills out Cabinet nominations. The Wall Street Journal reported that the Trump administration is favoring former Federal Reserve governor Kevin Warsh for this role, with plans to possibly nominate him to lead the Federal Reserve after current Chair Jerome Powell's term expires in 2026. 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.

The euro’s downtrend continued on Friday as more economic data supported the outlook for another European Central Bank rate cut in December.

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

Bitcoin has continued its massive gains, rising around the $100,000 mark in the weeks since the election based on expectations of improved regulatory treatment. But for the cryptocurrency, this rise just might be its own catalyst.

Preliminary GDP for the third quarter of 0.1% was notably disappointing.

Goldman Sachs expects oil prices to average $76 in 2025 as pound hits six-month low.

The "kimchi premium" is the difference between bitcoin (BTC-USD) on the South Korean exchange and the US exchange. Market Domination Host Julie Hyman joins Josh Lipton on Asking for a Trend to break down the disparity. Fundstrat Global Advisors head of digital asset strategy Sean Farrell explains, "There are certain capital controls in South Korea that do not allow for differences in price on Korean exchanges to be carved away, and therefore you can get severe deviations, especially during speculative periods of any market cycle where the price of bitcoin on Korean exchanges is sometimes 5%, 10%, 15%, up to 50% higher than it is, say, on Coinbase (COIN) or Binance (BNB-USD). 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 Naomi Buchanan.

With bitcoin (BTC-USD) creeping closer to $100,000 by every day, and another blockbuster Nvidia (NVDA) earnings report in the rearview mirror, do markets still have room left to run? And where will the next market catalyst come from? In a conversation with Josh Lipton, Slatestone Wealth partner and chief market strategist Kenny Polcari finds the market to be looking "tired," and doesn't expect the next driving force to be courtesy of the Federal Reserve or a high-profile earnings report. "I think the catalyst from a negative perspective is gonna be a geopolitical event." he says. Polcari goes on to say that if an event on that scale can be avoided, investors are optimistic about next year: "Look what happened today. The Dow (^DJI) rallied massively, right? So that tells you that the rally continues to broaden out and that people are very excited, and they're positive, they're optimistic about 2025." 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 Conor White.