Fartcoin (FARTCOIN) led the highest gains over the past week among the largest 100 crypto assets by market cap. The Solana-based meme coin rallied 69.4% over the last 7 days to $1.42 at press time while its market cap has jumped to $1.41 billion.
Bitcoin rallied to near all-time highs on Friday as three drivers are set to put the popular cryptocurrency into a new breakout rally. First, investors are shifting back into Bitcoin after a two-month trading range centered on the $100,000 price level. That price level serves as a psychological resistance price given its round numbers.
In December, Trump tapped Paul Atkins to lead the Securities and Exchange Commission. Atkins, a former SEC commissioner under President George W. Bush, has worked recently on digital assets and is set to replace Gary Gensler, who is seen by many as a crypto critic.
Did President-elect Trump just ignite a Bitcoin firestorm? Many crypto-related stocks posted big gains on Friday, just ahead of next week's inauguration.
Pension funds are dipping their toes into buying bitcoin, in a sign that even typically staid corners of finance are finding it hard to ignore the potential outsized returns from cryptocurrencies.
The fall comes after the cryptocurrency experienced a meteoric rise, fueled in part by the reelection of Donald Trump.
The MicroStrategy CEO is buying as much of the cryptocurrency as he can. Some big-name investors are going along for the ride.
For much of the past decade, Bitcoin (CRYPTO: BTC) has been the top-performing asset in the world. And 2024 was more of the same. Bitcoin was up 125% for the year, which trounced the performance of the Nasdaq (up 30%),