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BREAKING
UN Security Council member states, excluding the United States, confirm that there is a famine in Gaza.
Syrian media: The Israeli occupation forces launch a series of airstrikes in the western Damascus countryside.
Al Mayadeen correspondent: 51 people martyred in Israeli aggression on Gaza since Wednesday morning.
Saree: Yemen will not abandon its stance in support of Gaza no matter the challenges and repercussions until the blockade imposed on the territory is lifted and the aggression it is facing is halted.
Saree: The entire world admitting to the scale of famine and aggression endured by our brothers in Gaza puts the Islamic and Arab worlds before a religious and historic responsibility.
Saree: The operation was carried out in support of the Palestinian people and their Resistance fighters, as well as in response to the genocide and deliberate starvation being perpetrated by the Israeli enemy in Gaza.
Saree: The operation achieved its goals, causing millions of enraged settlers to flee to shelters and suspending air traffic at the airport.
Yemeni Armed Forces: The operation successfully achieved its objective, sending millions of settlers to shelters and suspending airport activity.
Yemeni Armed Forces spokesperson Yahya Saree: The Yemeni Missile Force carried out an operation that targeted al-Lydd airport in occupied Yaffa using a Palestine 2 ballistic missile.
Yemeni Armed Forces: The missile force carried out a top-tier military operation targeting al-Lydd Airport in the occupied Yafa area with a Palestine-2 hypersonic ballistic missile.

Bitcoin hits record daily high topping $86,000

  • By Al Mayadeen English
  • Source: Agencies
  • 11 Nov 2024 23:15
3 Min Read

Bitcoin's value continues to climb following Donald Trump’s victory in the US presidential election, with the cryptocurrency seeing a nearly 9% increase on Wednesday alone.

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  •  Bitcoin hits record daily high topping $86,000
    An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong on February 17, 2022. (AP)

Bitcoin's price has surged by 8% and has reached a new daily high of $86,000, according to trade statistics released on Monday. As of 19:50 GMT, Bitcoin was trading at $86,300 on Binance, the largest cryptocurrency trading volume exchange, representing an 8.30% rise for the day. 

According to CoinMarketCap, which aggregates prices from more than 20 exchanges, Bitcoin's price increased by 8.42% in the previous 24 hours to an average of $86,477.

Bitcoin surged to a new record high on Sunday, as traders speculated that Donald Trump's return to the White House would benefit the cryptocurrency. The digital currency surpassed $80,000 for the first time in history just after 12:00 p.m. (1200 GMT).

Bitcoin's value continues to climb following Donald Trump’s victory in the US presidential election, with the cryptocurrency seeing a nearly 9% increase on Wednesday alone.

Bitcoin topped $75,000 on Wednesday, exceeding its previous all-time high of $73,797.98 set in March.

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Throughout his campaign, Trump promised to position the US as the "world capital of bitcoin and cryptocurrencies." In July, he highlighted cryptocurrency as pivotal to his vision of the country in the future during Saturday's Bitcoin Conference in Nashville.

The former president promised to ensure the government never sells its Bitcoin assets and establish a "strategic reserve" under his administration, predicting the digital currency could exceed gold's $16 trillion market capitalization. 

“For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin… This afternoon I’m laying out my plan to ensure that the United States will be the crypto capital of the planet and the bitcoin superpower of the world, and we’ll get it done,” Trump said.

It is worth noting that Trump's campaign accepted donations in cryptocurrency.

This stood in stark contrast to his beliefs back in 2019, when he wrote on social media that Bitcoin's value is "based on thin air," and warned in 2021 that Crypto is a "disaster waiting to happen."

The United States currently holds approximately 212,000 Bitcoins, estimated to have a worth of around $15 billion, Forbes has lately reported, citing official data.

  • Bitcoin
  • Bitcoin crash
  • Donald Trump
  • Cryptocurrency
  • Cryptomarkets

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