Bitcoin investors prepare for $100,000 magic moment

ASX poised to test 8500; energy stocks rise amid Ukraine conflict, bullish sentiment from Trump administration pushes markets higher.

Published

1 year ago

November 25, 2024

ticker NEWS

The Australian share market is expected to continue its upward trend this week, with the ASX 200 approaching the 8500-point mark.

Investor optimism is driven by the anticipated Trump administration, alongside rising energy stocks influenced by escalating tensions between Ukraine and Russia.

The Commonwealth Bank of Australia, a key component of the index, reached a record high of $159.03.

George Boubouras from K2 Asset Management forecasts the ASX may soon hit 8600 points, citing improved political clarity after recent elections worldwide.

With the US elections complete and Republicans holding major power, there is more predictability for the next four years.

Bitcoin surge

Technology stocks, particularly Afterpay-owner Block, significantly contributed to the ASX’s rally, fueled by Bitcoin’s recent surge.

Bitcoin neared $100,000 over the weekend, with expectations of reaching $150,000 before Christmas.

Block, seen as a cryptocurrency proxy, has gained 27 percent in value this month.

Amir believes Block could become one of the top five companies on the ASX by market cap if Trump endorses Bitcoin as a strategic reserve asset.

This outlook has strengthened with Trump’s selection of cryptocurrency advocate Scott Bessent as the US Treasury Secretary.

U.S. and China approve TikTok sale to American investors

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

Published

22 hours ago

January 23, 2026

Harvey Vargas

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

The United States and China have officially approved a deal for TikTok’s US operations to be sold to American investors, led by Oracle and Silver Lake.

This marks a major shift in the social media landscape as the platform navigates increasing regulatory scrutiny.

Under the new agreement, ByteDance will retain just under 20% of TikTok US, while Oracle and Silver Lake will each take 15% stakes. Other investors will also participate, forming a structure designed to satisfy both commercial and regulatory demands.

The new US-based entity will have a majority American board tasked with overseeing data protection and content moderation. Despite these safeguards, concerns remain about ByteDance’s influence and whether the deal fully complies with recent legislation.

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#TikTokSale #USChinaDeal #Oracle #SilverLake #ByteDance #TechNews #SocialMedia #DataProtection

Money

Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

Published

3 days ago

January 21, 2026

Harvey Vargas

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.

The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.

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#USMarkets #WallStreet #TrumpTariffs #GlobalMarkets #USDebt #Europe #Davos #Ticker

Money

Gold hits record highs as investors flee risk

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Published

4 days ago

January 20, 2026

Harvey Vargas

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.

The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.

Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.

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#GoldRally #SafeHaven #InvestingTips #FinancialMarkets #GoldPrices #GlobalEconomy #MarketUpdate #TickerNews