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.

Australian Dollar surges: What $0.70 means for markets

Australian dollar surges 5% to $0.70, impacting importers, exporters, and big miners amid rising interest rates.

Published

2 days ago

February 18, 2026

Harvey Vargas

Australian dollar surges 5% to $0.70, impacting importers, exporters, and big miners amid rising interest rates.

The Australian dollar has jumped more than 5 percent against the U.S. dollar this year, now trading around $0.70. This rapid rise has sparked mixed reactions for importers and exporters as Australia’s materials sector shows signs of bouncing back, despite concerns over rising interest rates.

Dale Gilham from Wealth Within breaks down the factors behind the AUD surge, the implications for commodities, and what it means for big miners like BHP. From profits to strategy, we explore how the market is reacting to this currency shift.

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#AustralianDollar #AUD #Forex #Investing #Commodities #BHP #Mining #Markets

Money

S&P 500 rises as financial stocks lead and tech slips

S&P 500 rises 0.4% thanks to financial stocks; software struggles amidst AI concerns. Subscribe for updates!

Published

2 days ago

February 18, 2026

Harvey Vargas

S&P 500 rises 0.4% thanks to financial stocks; software struggles amidst AI concerns. Subscribe for updates!

The S&P 500 climbed 0.4% on Tuesday, boosted by strong gains in financial stocks. Citigroup and JPMorgan led the rally, showing investors are rotating money into the sector as tech stocks faltered.

Meanwhile, software shares struggled, with ServiceNow, Autodesk, and Palo Alto Networks all seeing notable declines. Concerns around AI disruption continue to affect the software and financial sectors alike.

Market watchers are now turning their attention to upcoming inflation reports later this week, looking for signals that could shape the next moves in the market.

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Money

Australia’s GST debate heats up amid tax reform push

Australia debates GST expansion amid aging population pressures and personal income tax concerns; expert insights from Dr. Steven Enticott.

Published

3 days ago

February 17, 2026

Harvey Vargas

Australia debates GST expansion amid aging population pressures and personal income tax concerns; expert insights from Dr. Steven Enticott.

Australia is facing a fierce debate over tax reform, with fresh calls to broaden the Goods and Services Tax as the government searches for more stable revenue streams. With an ageing population putting pressure on health, pensions and long-term spending, economists argue the current reliance on personal income tax may not be sustainable.

Dr Steven Enticott from CIA Tax joins Ticker to break down the real impact of expanding the GST, including how it could affect lower-income households, whether taxing unrealised gains would change investor behaviour, and what compensation mechanisms could soften the blow on essential goods. The political risks are high, but so are the fiscal stakes.

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