Crypto

Bitcoin breaks $60K for first time since November 2021

Published

2 years ago

February 28, 2024

Bitcoin breaks K for first time since November 2021

The price of one bitcoin topped $60,000 on Wednesday for the first time since November 2021, when the world’s largest cryptocurrency hit its current record of nearly $67,000.

The boom is a massive turnaround from a year ago, when bitcoin kicked off 2023 below $20,000 and economists were anticipating a wider recession.

Bitcoin has rallied more than 40 percent in February alone, according to CoinDesk Indices, the largest monthly gain since late 2020. The price of bitcoin has more than doubled over the past four months.

The surge comes amid a huge infusion of cash, after the Securities and Exchange Commission approved the first ever U.S. spot exchange-traded funds in January, opening the door to billions in investment from financial institutions such as BlackRock.

Bitcoin dominates just more than half of the global crypto market, accounting for nearly $1.2 trillion of the more than $2.3 trillion in crypto in circulation around the world, according to the crypto data aggregator CoinGecko.

Even as the cryptocurrency industry continues to grow at a rapid pace, it remains to be seen whether Congress passes any comprehensive regulation on the exploding industry.

Looming shutdown deadlines in the near-term, and the 2024 election in full swing leaves less time for legislating, even as crypto champions including House Financial Services Committee Chair Patrick McHenry (R-N.C.), who is retiring at the end of the year, push for action they say will foster U.S. competitiveness and innovation in crypto.

Related Topics:Bitcoin cryptocurrency Patrick McHenry Securities and Exchange Commission

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Crypto

Crypto Tax Pressure Reaches Congress as Lawmakers Face Urgent Push to Rewrite Federal Rules

Published

8 hours ago

December 17, 2025

Press Room

Lawmakers are confronting rising pressure to modernize cryptocurrency tax policy as uncertainty clouds compliance, threatens U.S. competitiveness, and forces Congress to weigh legislative action amid warnings that capital and innovation could move offshore.

Crypto

Cryptocurrency becomes trendy holiday gift option

Published

20 hours ago

December 16, 2025

Press Room

Cryptocurrency becomes trendy holiday gift option

PHOENIX (AZFamily) — Cryptocurrency is appearing on more holiday wish lists as gift-givers look for alternatives to traditional presents.

A new survey from the National Cryptocurrency Association and PayPal shows 24% of Americans have given or are considering giving cryptocurrency this holiday season.

The survey also found that 17% of consumers would rather receive cryptocurrency than a gift card, and 31% of Americans believe crypto gifts are less likely to go unused than gift cards.

“It’s actually a trending holiday gift, especially compared to gift cards,” said Ali Tager, a spokesperson for the NCA. “We know crypto is becoming increasingly mainstream.”

Tager said people like receiving cryptocurrency because it has the potential to increase in value.

“There’s so much you can do with this technology and it’s still in its early days,” she said.

Financial advisor Angelica Prescod said there are other investment options to consider for gift-giving.

“One of them is just gifting people something simple. Maybe some shares of some stocks that you may already have, that you are gifting over, or you can give them the cash to do so and open up their own account and feel involved in the process,” Prescod said. “For most folks [cryptocurrency] is not really the go to.”

Gift-givers can also contribute to 529 plans for college and other education expenses.

“It’s that gift that potentially can keep on giving,” Prescod said.

For those still interested in giving cryptocurrency, experts recommend doing research first.

“Like with everything, anywhere, you always want to do your research. You want to make sure to verify your sources. You never want to take financial advice from strangers or click on random links that you receive,” Tager said.

The National Cryptocurrency Association offers a crypto simulator that helps users learn how to choose an exchange, set up a wallet, and send and receive cryptocurrency without spending real money.

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Crypto

Visa Targets Banks and Fintechs With Stablecoin Advisory Launch as Adoption Pressure Tightens

Published

1 day ago

December 16, 2025

Press Room

Visa Targets Banks and Fintechs With Stablecoin Advisory Launch as Adoption Pressure Tightens

Visa is moving deeper into stablecoin-powered payments as adoption surges, launching a new advisory practice to help banks, fintechs, and enterprises design, assess, and deploy stablecoin strategies across global payment and treasury operations.