PRODUCT OF THE YEAR Why Nvidia's Blackwell chip is leading the AI revolution CCC - CryptoCurrency • USD War Bond Token USD (WBOND-USD) Follow 0.0002 0.0000 (0.00%) As of June 17 at 1:18:00 AM UTC. Market Open. Related Crypto News Nasdaq, 'super-bullish' sentiment, bitcoin: Market Takeaways While the Dow Jones Industrial Average (^DJI) closes lower for its ninth consecutive session, the Nasdaq Composite (^IXIC) continues to float around its all-time record high above 20,100. Yahoo Finance markets and data editor Jared Blikre joins Asking for a Trend to lay out the biggest market themes of today's trading session, including Bank of America's global fund managers survey which notes "super-bullish" risk sentiments from traders and bitcoin's (BTC-USD) record run above $106,000. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Luke Carberry Mogan. Top tax tips for crypto traders ahead of tax season Are you a crypto investor concerned about how your digital asset investments will impact your tax bill? Gordon Law Partner Tax Attorney & CPA Andrew Gordon joins Wealth to provide guidance on cryptocurrency tax implications. "Crypto investing is unlike investing in any other stock or security," Gordon states. He emphasizes that unlike traditional investments, tax reports aren't automatically generated for cryptocurrency transactions. Instead, the responsibility falls on individual crypto traders to report their activities, warning that "if you don't report properly you could have severe penalties or even worse." Gordon highlights crypto donations as one potential tax reduction strategy. He explains that investors who realize capital gains on their cryptocurrency investments can donate a portion to charity, receiving a deduction that could significantly reduce their tax bill. For a detailed explanation of the new cryptocurrency regulations taking effect in 2025, and their tax implications, watch the full interview above with Gordon Law Partner Tax Attorney & CPA Andrew Gordon. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith Bitcoin Price Breaks Record Streak. The Fed Rate Decision Is Weighing on the Crypto. Bitcoin price fell early Wednesday, pulling back somewhat from a record high earlier this week as investors’ attention turned to the next interest rate decision by the Federal Reserve. The world’s largest cryptocurrency is down 3.2% over the last 24 hours to $103,989, according to CoinDesk data. Cryptocurrencies across the board got a boost Tuesday after Ripple, the payment platform that issues the digital token XRP which used to settle payments on its platform, announced the beginning of trading of a new stablecoin under the name RLUSD. Bitcoin Price Nears $108,000. Crypto Bulls See It Jumping This High. Bitcoin has hit yet another record high. Thank President-elect Donald Trump and his crypto friendly rhetoric for fueling the rally. Bitcoin is up 2.3% over the last 24 hours to last trade at $107,017, according to CoinDesk data. Bitcoin hits a record above $107,000 as fresh bullishness propels the crypto higher Trump said last week that the US would do "something great with crypto," fueling fresh excitement about the prospect for a national bitcoin reserve. MicroStrategy stock jumps on latest bitcoin buy, Nasdaq 100 addition MicroStrategy stock jumped nearly 5% Monday as investors reacted to the company’s latest bitcoin purchase. Bitcoin surpasses $107,000 to hit new high amid 'relentless' ETF demand Bitcoin climbed as high as $107,000 on Monday as the Trump trade soared to new heights. Investors are bullish on a national bitcoin reserve under Trump, but there's a crypto bonanza brewing at the state level, too While markets eagerly await Trump's potential move on a national bitcoin reserve, several states are already making moves to start holding the crypto. Bitcoin Price Hits Fresh Record. How Fed Could Hamper Crypto. Bitcoin price hit an all-time high of $106,496 early Monday, reaping further gains from President-elect Donald Trump’s plans to deregulate cryptos and create a national strategic reserve of Bitcoin. The slight drop could be due to fears the Federal Reserve will adopt a more hawkish tone as the Federal Open Market Committee meets next on Dec. 18. Cryptocurrencies are generally considered a risky investment and tend to rise when the Fed cuts rates. Microstrategy stock spikes as the red-hot bitcoin proxy set to join the Nasdaq 100 MicroStrategy announced Monday that it acquired another 15,350 bitcoins, bringing its total holdings to of the token to 439,000. XRP Slips. Why the Crypto Rally Isn’t Over. Despite the pause in the XRP rally Monday, signs point to further gains for the crypto market next year. Bitcoin prices briefly break $106K level Bitcoin (BTC-USD) prices surged past $106,000 in early Monday trading, continuing its rally that gained momentum following Donald Trump's reelection in November. Morning Brief Anchors Seana Smith and Brad Smith break down the details. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith MicroStrategy, Palantir, Axon to join the Nasdaq 100 next week Bitcoin bull MicroStrategy (MSTR), Palantir Technologies (PLTR), and Axon Enterprise (AXON) will be joining the Nasdaq 100 (^NDX) next Monday, December 23. These three companies will be replacing Illumina (ILMN), Super Micro Computer (SMCI), and Moderna (MRNA) in the index. The Morning Brief's Seana Smith and Brad Smith report more on this. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. Fed rate decision, bitcoin above $106K, markets: 3 Things The Federal Reserve meets in Washington, D.C., for the central bank's December policy meeting, the last of 2024, where Wall Street expects officials to cut interest rates by 25 basis points. Bitcoin (BTC-USD) rallied above $106,000 early Monday morning, as software firm MicroStrategy (MSTR) remains incredibly bullish on the cryptocurrency with plans to continue buying bitcoin. US stock futures (ES=F, NQ=F, YM=F) rally today, shaking off last week's performances from market averages as market breadth appears to decline. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. Wall Street rises, FTSE slips as traders await Fed and BoE interest rate decisions A deep dive into what's moving markets across the global economy. Why more companies are looking to buy bitcoin MicroStrategy's bitcoin buying spree has been rocket fuel for its stock price. Now, more companies are considering adding it to their balance sheets. XRP Price Slips. Why This Week Could Be a Sign of What’s to Come for the Crypto. XRP was sliding on Friday. The token, which is used to settle and facilitate transactions on Ripple Labs’ digital payments platform, slipped 2.5% to $2.30 in early trading. XRP has significantly outperformed its better-known rival since the U.S. election, rising nearly 400% on the expectation that the Trump administration will ease legal pressure on Ripple. What's the right crypto allocation in your portfolio? Bitcoin (BTC-USD) is trading above $100,000. WisdomTree global head of research Chris Gannatti joins Wealth! Host Brad Smith to discuss how much of a portfolio should be allocated to crypto. "What we tend to see is somewhere between 1 and 5%, depending on the needs and the situation of the investor," Gannatti reports. He adds, "You're starting to see institutions even take the plunge and gain at least some exposure. It'll be fascinating. There are these institutional consultants that basically, in the past, came up with the quote-unquote, 60% equity, 40% bond allocations. Maybe one day, they're recommending a 2% or 3% or 4% [crypto portfolio allocation]. They don't do it yet." To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Naomi Buchanan. Riot Platforms, Broadcom, General Dynamics: Market Minute Yahoo Finance special reporter Akiko Fujita breaks down some key headlines in today's Market Minute. Bitcoin (BTC-USD) mining company Riot Platforms (RIOT) has seen its stock rise as the Wall Street Journal reports Starboard Value has taken a stake in the company and pushed for changes. Broadcom (AVGO) shares are under pressure ahead of its fiscal fourth quarter earnings results due out after Thursday's market close. General Dynamics (GD) stock takes a dip as Goldman Sachs downgrades it to Sell from Neutral. Reports of President-elect Donald Trump's plans to cut government spending may hurt the aerospace company. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Kevin Hall and Luke Carberry Mogan. Bitcoin ETFs showcase the 'versatility' ETFs hold: Strategist Spot bitcoin ETFs have seen record flows in less than a year of trading. Since Donald Trump's election back to the White House, the 12 ETFs have accumulated approximately $10 billion in inflows, making them the largest holders of bitcoin. J.P. Morgan Chief ETF Strategist Jon Maier joined to discuss the outlook on crypto ETFs. "What it really shows is the versatility of the ETF structure," Maier states. He notes that various asset classes can be integrated into the ETF structure and "infused" into different portfolios. When it comes to asset allocation, "the choice is there," highlighting "the accessibility of the ETF structure." Maier explains: "You're seeing a big shift in the overall asset management business into the ETF space because of that versatility of the structure." He further elaborates, "They're liquid, they're accessible, they're cost-effective, and they're tax-efficient. The superpower really is the tax efficiency. That's what's driving this," he told Yahoo Finance. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith