A leaked Elliott Management letter to investors reveals the hedge fund’s managers fear Trump is stoking a unprecedented bitcoin price bubble that’s headed for “inevitable

To review, President Trump on Thursday promised to impose 25% tariffs on Mexico and Canada beginning Saturday Feb. 1. Having rallied over $106,000 prior to that news, bitcoin (BTC) quickly reversed 2% lower to around the $104,000 level. U.S. stocks gave up a chunk of earlier gains, though still finished the session in the green.

This article has been updated to correctly attribute the tariff announcement to the Trump administration. U.S. equity indices reversed earlier gains and fell into negative territory during Friday afternoon trading in New York after the White House confirmed that new tariffs on imports from Canada,

"God candle," Samson Mow, a bitcoin developer who leads the Jan3 bitcoin wallet company, posted to X and referring to a sudden spike in the bitcoin price that creates a "candle" on a trading chart as the bitcoin price suddenly soared, hitting $109,400 on the Coinbase bitcoin and crypto exchange.

During 2024’s presidential election, the crypto industry gave generously to Donald Trump, lobbying hard for him to win. Now that their guy is in the White House, they’re hoping he will deliver on his promise to make America the “world capital” of cryptocurrency.

A recent change in the rules for how companies account for digital assets led Tesla to report a $600 million mark-to-market gain.

El Salvador continues to expand its national Bitcoin holdings as President Nayib Bukele predicts an “exponential” surge in BTC price.

The price of bitcoin was last higher by more than 2% ... Crypto investors have hailed Trump's arrival to the White House as a positive moment for the industry. The president has promised to ...

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Bitcoin enthusiasts seeking to turn a mountain town in El Salvador into a cryptocurrency haven hope that US President Donald Trump's return to the White House will boost their cause. In 2021, El Salvador became the world's first country to establish bitcoin as legal tender,