Bitcoin, the world’s largest cryptocurrency by market value, hit a record high, crossing $125,000 for the first time in history. Bitcoin’s previous record was $124,480 in mid-August, buoyed by friendlier regulations from U.S. President Donald Trump’s administration
Japanese shares are expected to keep setting records even as the nation’s currency and bonds sputter after fiscal dove Sanae Takaichi was elected on Saturday to lead the ruling party and become prime minister.
Tesla announced record quarterly deliveries, but concerns that an expiration of the U.S. tax credit for EVs would turn a rush of buying into a trickle weighed on its shares. Carmaker went all in to drive sales before the withdrawal of the $7,500 federal tax credit
Oil prices fell over 1% to their lowest in four months, extending a run of declines into a fourth day, due to concerns about oversupply in the market ahead of a meeting of the OPEC+ group over the weekend.
London’s FTSE 100 fell, although it touched another record high during the session, dragged down by losses in healthcare and energy stocks, while Tesco shares climbed after the supermarket giant lifted its annual profit outlook.
Japanese investment company Metaplanet has acquired an additional 5,268 Bitcoin, worth roughly $600 million at current market prices. Metaplanet announced on Wednesday that its latest purchase has brought its total Bitcoin holdings to 30,823 BTC.
