Coinbase CEO says Trump is 'excited' about a strategic bitcoin reserve
On the campaign trail, Trump pitched a national bitcoin stockpile, but it remains to be seen if he will fulfill this pledge.
On the campaign trail, Trump pitched a national bitcoin stockpile, but it remains to be seen if he will fulfill this pledge.
NEW YORK (Reuters) -The dollar was little changed on Wednesday after earlier dipping to a new two-week low, as investors continued to await concrete announcements about U.S. President Donald Trump's tariff plans. Trump said late on Tuesday his administration was weighing imposing a 10% tariff on goods imported from China on Feb. 1, after he earlier said Mexico and Canada could face levies of around 25% by Feb. 1. After hitting a more than two-year high of 110.17 yen last week largely on anticipation of tariffs, the greenback has shown signs of an overcrowded trade reversing on the lack of firm plans from Trump.
Like rival Delta Air Lines, United Airlines' premium ticket sales are growing. But for the Chicago-based carrier, passengers at the back of the plane are also contributing to its bottom line.
Berkshire Hathaway invests in a crypto-linked Brazilian bank.
Ethereum is currently trading near $3,270, while XRP's current value stands at $3.23.
Dogecoin (CRYPTO: DOGE) is seeing a valuation pullback in Wednesday's trading. The cryptocurrency's token price was down 6.3% over the previous 24 hours as of 1:50 p.m. ET. Dogecoin posted gains Tuesday thanks to its token logo being included on the website for the waste-cutting initiative Donald Trump calls the Department of Government Efficiency (DOGE), but it's losing ground today amid catalysts that are causing investors to become more cautious about some meme coins.
Trump-supporting crypto professionals have been particularly scathing about the family's recent meme coin projects.
JPMorgan Chase CEO Jamie Dimon on Wednesday said the U.S. stock market is overvalued and explained why he’s a little more pessimistic about the global economy than your average Wall Street insider.
Shares of Nvidia, Microsoft, Oracle, and other AI-related companies surged Wednesday after the Trump administration’s announcement of a $500 billion joint venture spurred optimism about a rising tide of AI investments.
The SEC could consider approving staking for ETFs, boosting sentiment and prices for the second-largest cryptocurrency, market observers said.