Bitcoin hits new record high, dollar dips ahead of Trump inauguration – business live
Bitcoin rises by 4% past $109,000, reversing earlier losses; Donald Trump meme coin price tanks after wife Melania also launches token
The UK chancellor, Rachel Reeves, will travel to the World Economic Forum’s annual meeting in Davos this week in the hope of convincing some of the world’s largest companies to invest, with allies saying she will use spending cuts rather than further tax increases to meet her own fiscal rules.
At the same time, the Treasury is considering a push to cut the benefits bill, in a move that is causing nervousness among Labour MPs.
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Trump inauguration live updates: Trump brings in record $250 million in fundraising
There's a full slate of activities this weekend ahead of Monday's swearing-in ceremonies.ABC News - 1h -
Price of new Trump crypto meme coin soars ahead of inauguration
Asset triples in price from $20 per token to more than $70, with at least $24bn in trading as of Sunday morning. Donald Trump has launched a cryptocurrency “meme coin” ahead of his inauguration for ...The Guardian - 21h -
With XRP near highs ahead of Trump inauguration, can bitcoin crack a new record?
Major cryptocurrencies rallied on Friday, with bitcoin back on track toward its record high days ahead of the second inauguration of crypto-friendly President-elect Donald Trump.MarketWatch - 2d -
Small-cap crypto rallies ahead of Trump inauguration, bitcoin trades at $100,000
Cryptocurrencies jumped as investor appetite shifted to smaller, higher risk coins ahead of President-elect Donald Trump's inauguration.CNBC - 3d -
3 signs bitcoin isn’t done breaking record highs just yet
A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.MarketWatch - 4d -
FirstFT: Dollar hits 2-year high as interest rate assumptions change
Also in today’s newsletter, China’s trade surplus reached a new record and the reinvention of El SalvadorFinancial Times - Jan. 13 -
Obamacare Enrollment Hits Record Ahead of Trump’s Return
Almost 24 million Americans have signed up for plans offered under the Affordable Care Act, driven by subsidies that are expiring and that Congress may not renew.The New York Times - Jan. 8 -
U.S. dollar index hits more than two-year high as markets brace for Trump return
Optimism around the U.S. economy was in focus as markets reopened following disrupted trade over Christmas and the New Year's holiday.CNBC - Jan. 2
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