Highlights

  • Bitcoin hit a fresh record above $71,000 on Monday
  • The rally was helped by news that Britain's Financial Conduct Authority

Latest news

US launches Christmas Day strikes on IS targets in Nigeria

US launches Christmas Day strikes on IS targets in Nigeria

Nitin Gadkari reveals how he met Hamas chief Ismail Haniyeh hours before assassination in Tehran

Nitin Gadkari reveals how he met Hamas chief Ismail Haniyeh hours before assassination in Tehran

BNP acting chairman Tarique Rahman returns to Dhaka after 17 years in exile

BNP acting chairman Tarique Rahman returns to Dhaka after 17 years in exile

India revamps tax regime in 2025, new I-T Act to take effect from April 1

India revamps tax regime in 2025, new I-T Act to take effect from April 1

BNP's acting chief Tarique Rahman set to return to Bangladesh after 17-year exile

BNP's acting chief Tarique Rahman set to return to Bangladesh after 17-year exile

Navi Mumbai International Airport starts commercial flight operations

Navi Mumbai International Airport starts commercial flight operations

PM Modi attends Christmas service at Delhi church, greets citizens

PM Modi attends Christmas service at Delhi church, greets citizens

Gujarat AAP MLA Chaitar Vasava refutes Rs 75 lakh extortion claims by BJP MP

Gujarat AAP MLA Chaitar Vasava refutes Rs 75 lakh extortion claims by BJP MP

Bitcoin hits fresh record above $71,000

The unit hit a peak of $71,432 in afternoon Asian business, according to Bloomberg data, meaning it has advanced almost 70 percent this year

Bitcoin hits fresh record above $71,000

Bitcoin hit a fresh record above $71,000 on Monday as demand for the cryptocurrency picks up amid optimism that the Federal Reserve will cut interest rates this year.

The unit hit a peak of $71,432 in afternoon Asian business, according to Bloomberg data, meaning it has advanced almost 70 percent this year.

The rally was helped by news that Britain's Financial Conduct Authority had said it would allow the creation of crypto-related securities.

That comes after US authorities gave the green light this year to exchange-traded funds pegged to bitcoin's spot price, persuading some mainstream investors to take the plunge by adding the unit to their portfolio.

ADVERTISEMENT

Up Next

Bitcoin hits fresh record above $71,000

Bitcoin hits fresh record above $71,000

New Zealand commits USD 20 bn investment in India under FTA in 15 yrs; on lines of EFTA pact

New Zealand commits USD 20 bn investment in India under FTA in 15 yrs; on lines of EFTA pact

India, New Zealand conclude FTA talks; pact to offer duty-free access, USD 20 bn FDI

India, New Zealand conclude FTA talks; pact to offer duty-free access, USD 20 bn FDI

FTA with New Zealand to significantly deepen bilateral economic engagement: Govt

FTA with New Zealand to significantly deepen bilateral economic engagement: Govt

Rupee breaches 91-mark against US dollar for first time in intra-day trade

Rupee breaches 91-mark against US dollar for first time in intra-day trade

Microsoft commits USD 17.5 billion investment in India: CEO Satya Nadella

Microsoft commits USD 17.5 billion investment in India: CEO Satya Nadella

ADVERTISEMENT

editorji-whatsApp

More videos

CBI books Anil Ambani's son, Reliance Home Finance Ltd. in Rs 228 crore bank fraud case

CBI books Anil Ambani's son, Reliance Home Finance Ltd. in Rs 228 crore bank fraud case

RBI raises FY26 GDP growth projection to 7.3 pc

RBI raises FY26 GDP growth projection to 7.3 pc

RBI trims policy interest rate by 25bps to 5.25pc, loans to get cheaper

RBI trims policy interest rate by 25bps to 5.25pc, loans to get cheaper

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

Reliance completes merger of Star Television Productions with Jiostar

Reliance completes merger of Star Television Productions with Jiostar

India to lead emerging market growth with 7pc GDP rise in 2025: Moody’s

India to lead emerging market growth with 7pc GDP rise in 2025: Moody’s

Nifty hits record high after 14 months; Sensex nears all-time peak

Nifty hits record high after 14 months; Sensex nears all-time peak

Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions

Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions

ED attaches fresh assets worth over Rs 1,400 cr in case against Anil Ambani's Reliance Group

ED attaches fresh assets worth over Rs 1,400 cr in case against Anil Ambani's Reliance Group

India signs one-year deal to import 2.2 million tonnes of LPG from US

India signs one-year deal to import 2.2 million tonnes of LPG from US

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.