Business

Bitcoin hits new all-time high of $41,000 as investors shrug off recent volatility and pile into cryptocurrency

10 days ago   |   By Business Insider

Bitcoin has risen over 30% in the first eight days of 2021
Dado Ruvic/Reuters
Bitcoin hit a new all-time high of more than $41,000, as the cryptocurrency rally showed little sign of slowing down despite recent volatility.
The Bitcoin and crypto rally has been driven by record amounts of fiscal and monetary stimulus drowning markets in cash, as well as fears about currencies and inflation.
Critics question whether the rally is sustainable and point to past crashes in Bitcoin such as when it dropped from $19,000 to $4,000 between 2017 and 2019.
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US stocks head for new record highs after Donald Trump concedes defeat and investors position for more stimulus

10 days ago   |   By Business Insider

President Donald Trump conceded defeat and promised an orderly transition in a video posted on social media
Donald J. Trump via Twitter/via Reuters
US stocks were set to reach new record highs as futures prices rose, following Donald Trump's concession that Joe Biden will become president in less than two weeks.
Democrats have pledged to launch more stimulus, sending stocks across the board higher in a broad-based rally.
The yields on longer-dated US Treasuries continued to rise as the market anticipated higher issuance and stronger growth and inflation.
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