Trade Bitcoin Ether Usd £1 Bitcoin Ether Usd £1 Live Forex Prices
Economic uncertainty has historically influenced the stock market and crypto after election periods. https://cointelegraph.com/news/louisiana-accepts-first-crypto-payment-bitcoin-lightning As policies shift, investors need to consider the long-term effects of government regulations on digital assets. Bitcoin dropped 6.2% to $94,088.1, marking its lowest price in three weeks. Analysts attribute this decline to increased investor anxiety, sparked by Trump’s tariffs on China, Canada, and Mexico. The broader stock market and crypto after election have shown heightened sensitivity to economic uncertainty, with investors moving away from riskier assets.
Stock Market and Crypto After Election: What’s Next?
Currently, using crypto as a means of payment is very limited – they’re accepted by certain IT and travel companies, for example, but you probably won’t be doing your weekly shop or paying your 5-a-side football subs with crypto. The reason for this is that cryptoassets tend to be very volatile, so it’s hard to pinpoint their value from one day to the next, which makes them unreliable as a payment method. Some investors take the view that cryptos could possibly one day be accepted in everyday transactions and see potential beneficial applications of DLT https://immediate-edge-app.com/ in the payment space.
What is crypto?
- Even with these rules, crypto still remains high risk with no protections if something goes wrong.
- US shares hit record highs on Wall Street and the dollar posted its biggest gain in eight years as Donald Trump was re-elected to the White House in a historic win.
- With higher inflation risks looming, the Federal Reserve’s stance on interest rates will play a crucial role in Bitcoin’s next moves.
- It estimates that economic growth in the UK would slow to 0.4% in 2025, down from a forecast of 1.2%.
The information contained within should not be a person’s sole basis for making an investment decision. Please contact your financial professional before making an investment decision. WisdomTree’s Dovile Silenskyte also says that institutional investors are increasingly recognizing the value of allocating a small percentage of their multi-asset portfolios to bitcoin. Indeed, the Trump administration is expected to play a significant role, as bitcoiners anticipate much more favorable regulation toward cryptocurrencies. Gary Gensler, current chairman of the Securities and Exchange Commission (SEC) – historically averse to the crypto world and a proponent of much stricter regulation – will step down on Jan. 20, 2025. In his place, Donald Trump nominated Paul Atkins, who has been an advocate of cryptocurrencies for years.
Bitcoin (BTC) Price in US dollar Today: 94,213.9713
Unlike general currencies like the British pound Bitcoin does not exist physically and the balances are stored in a public ledger that is called blockchain and can be accessed by anyone. In fact, Bitcoin is a network of computers (called nodes) that run the code of this cryptocurrency. New coins are minted using the special process of utilizing hashing power and solving complex computing puzzles. When a miner finds a new block, he receives a reward in the form of freshly minted coins. The access to the blockchain wallet is provided with a pair of encrypted keys.
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It doesn’t really need to be a great medium of exchange, it just needs to be better than gold and it’s better across the board. However, others argued that Bitcoin was no different to other investments and should not have been singled out for special regulatory attention. Despite war in Ukraine, rising interest rates and the soaring price of oil, major cryptocurrencies such as Bitcoin have remained relatively stable this year. The surging Bitcoin dominance puts the cryptocurrency in a position to absorb liquidity once liquidity starts flowing back into the market. Bitcoin (BTC USD) dominance bottomed out at 54.56% on 3 December https://immediate-edge-app.com/ and has since then rallied to 59.67%.
The market correction could be temporary, but staying informed about economic policies and interest rate trends is crucial for long-term investment success. The British bank’s analysts claim that the collapse of Silicon Valley Bank https://www.sec.gov/investor/pubs/tenthingstoconsider.htm and smaller US lenders validates BTC’s original premise as a scarce digital asset. Making predictions about the price of cryptocurrencies is a very risky exercise. “In 2025, bitcoin’s future looks promising yet uncertain,” says John Plassard. Dovile Silenskyte, director of digital assets research at WisdomTree agrees. That was a major crisis for cryptocurrencies, and one in which the bitcoin price slumped below $20,000, losing 75% over 12 months.
Mining operations continue to face scrutiny over their environmental impact, with increasing focus on sustainable energy sources. Bitcoin, the world’s first and most valuable cryptocurrency, continues to dominate the digital asset landscape with a market capitalisation exceeding $4 trillion as of January 2025. Created in 2008 by the pseudonymous Satoshi Nakamoto, this decentralised digital currency operates on a peer-to-peer network, with millions of users worldwide and increasing institutional adoption. BTC that stands for Bitcoin is the most popular and historically first decentralized digital currency created in 2009. Originally it was invented by a mysterious anonymous person that used Satoshi Nakamoto as a name.
Since the Bretton Woods Agreement of 1944 the US dollar has held the position of the world’s reserve currency – even after the collapse of the Bretton Woods System in 1973. As is widely known, Bitcoin is differing fundamentally from currencies issued by centralised authorities (namely central banks) since it is decentralised. Given the decentralised nature of cryptocurrencies, it is difficult to argue credibly that Bitcoin is a tool created to deliberately destabilise the U.S dollar.
