{
}
The crypto market experienced a significant downturn, shedding $182 billion in a single day as Bitcoin fell 6.2% to $92,446.38, moving further from the $100,000 mark. Other major cryptocurrencies also declined, with Ether down 4.2% and Solana's token dropping 8.9%. Despite this drop, Bitcoin has surged over 30% since the U.S. presidential election on November 5, fueled by optimism surrounding Donald Trump's pro-crypto policies and the anticipated resignation of SEC Chair Gary Gensler on January 20, coinciding with Trump's inauguration.
The global cryptocurrency market has surpassed $3 trillion, driven by optimism surrounding Donald Trump's presidency and the potential for more favorable U.S. regulations. The market value peaked at nearly $3.2 trillion on November 14, with Bitcoin reaching a record high of $93,480, marking a significant recovery from earlier stagnation.
Circle's global head of policy, Dante Disparte, anticipates that the U.K. will introduce stablecoin regulations within months, emphasizing the need for formal laws to harness the benefits of the technology. He noted that the U.K. risks falling behind the EU and Singapore in stablecoin legislation, while also highlighting the importance of innovation and job creation in the evolving financial landscape.
CoinGecko
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
crypto market loses 180 billion as bitcoin retreats from 100000 milestone
11:57 26.11.2024
global cryptocurrency market surpasses three trillion dollars amid trump election optimism
15:09 14.11.2024
uk stablecoin regulations expected within months according to circle executive
United States Dollar
British Pound Sterling
Circle Entertainment Inc.
CoinGecko
Foothills Exploration, Inc.
GBR
SGP
USA
Keir Starmer
Rishi Sunak
Dante Disparte
Show more
11:42 23.10.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Banking Regulations
Global Financial Events
Finance Mergers & Acquisitions
Financial Scams and Security
Market Analysis and Predictions
Hedge Funds & Private Equity
Startups & Entrepreneurship
Supply Chain Management
Retail and Consumer Goods
Workplace Trends
Global Trade Developments
CEO Changes
AI Innovations
Government Economic Policies
Government Policies
Cryptocurrency Trends
Funding Rounds & Investments
Countries:
Companies:
JPMorgan Chase & Co.
Barclays PLC
Tesla, Inc.
Bank of America Corporation
NVIDIA Corporation
The Goldman Sachs Group, Inc.
Citigroup Inc.
Geode Capital Management LLC
Google Inc.
Apple Inc.
Morgan Stanley
Wells Fargo & Company
Microsoft Corporation
Credit Suisse Real Estate Fund Siat
Charles Schwab Investment Management Inc.
State Street Corporation
Broadcom Inc.
Banco Santander, S.A.
BNP Paribas SA
UniCredit S.p.A.
Currencies:
United States Dollar
Swiss Franc
Indian Rupee
Euro
British Pound Sterling
United Arab Emirates Dirham
Chinese Yuan
Saudi Riyal
Qatari Riyal
Japanese Yen
Singapore Dollar
Kuwaiti Dinar
Offshore Chinese Yuan
Azerbaijani Manat
New Taiwan Dollar
South Korean Won
People: