This Month
Crypto mania and speculation drive bitcoin higher
The speculative frenzy in digital currencies has doubled the value of some memecoins as retail traders bet on blockchain’s future use.
- Tom Richardson
Bitcoin surges to record on sustained ETF demand
The largest digital asset rose as much as 2.5 per cent to $US69,191.95 in US trading, then profit taking knocked the cryptocurrency back below $US63,000.
- Updated
- Philip Lagerkranser
Bitcoin jumps as options point to $US80,000
The token has surged around 60 per cent this year, outpacing traditional asset classes such as stocks by a wide margin.
- Suvashree Ghosh and Sidhartha Shukla
February
Bitcoin soars to $A record ahead of supply crunch
“It’s a demand, demand, demand story,” the CEO of Digital X said of the world’s largest cryptocurrency, which broke through $96,000 in Australian dollar terms.
- Jessica Sier
FTX founder’s lawyers recommend short prison sentence, no fine
Sam Bankman-Fried should serve no more than 6½ years in jail for orchestrating the fraud that brought down the cryptocurrency exchange, a judge has been told.
- Chris Dolmetsch and Robert Burnson
Bitcoin tops $US63,000 with enthusiasts eyeing record highs
Bitcoin has more than tripled in value since the start of last year, climbing back from a 64 per cent plunge in 2022, in a remarkable comeback.
- David Pan and Sidhartha Shukla
Bitcoin tops $US57,000 for first time since 2021
Investors have poured around $8.6 billion into a batch of exchange-traded funds that began trading last month.
- Updated
- Suvashree Ghosh and Sidhartha Shukla
UBS bets Aussie dollar among best trades of 2024
The $5.8 trillion wealth manager expects the Australian dollar will jump 10 per cent this year, and is also betting on a rally in Chinese and Indian stocks.
- Alex Gluyas
Bitcoin hits $US50,000 for first time in more than two years
The cryptocurrency is benefitting from an inflow into newly approved spot bitcoin ETFs as well as the S&P 500’s record rally in 2024.
- Hannah Lang and Elizabeth Howcroft
Bitcoin eyes longest winning run in a year on ETF inflows
The largest cryptocurrency is inching closer to $US49,000 amid steady inflows and buoyant equity markets.
- Sunil Jagtiani
$A slumps to eight-month low against Kiwi on rate rise bets
Traders ramped up speculation that New Zealand’s central bank will resume its tightening cycle as ANZ tipped the cash rate to hit 6pc.
- Alex Gluyas
January
Ethereum ETF approval expected in May
Standard Chartered has tipped the US regulator will approve ether-backed ETFs by mid-year that could drive the cryptocurrency higher.
- Elijah Nicholson-Messmer
Australian dollar bolstered by soaring equities
Near record highs in Australia and fresh highs for US stocks have buoyed the local dollar ahead of key inflation data that is likely to cement the case that rates have peaked.
- Cecile Lefort
- Opinion
- Cryptocurrencies
Crypto may have become boring, but it still isn’t legit
The SEC’s approval of 11 bitcoin ETFs is not as meaningful as aficionados like to think. Crypto is still “primarily a speculative, volatile asset”.
- Jemima Kelly
Bitcoin drops to lowest level since approval of ETFs
The cryptocurrency has shed near 10 per cent in value even as funds continue to flow into the newly created exchange-traded funds.
- David Pan