Bitcoin hits new record high above $124,000
Bitcoin slipped 0.3% to $122,125.10 as of 12:09 a.m. Makkah time, after touching $124,496 — its highest level on record — and accounted for about 58.7% of the total cryptocurrency market capitalization.
Ethereum, the second-largest cryptocurrency by market value, came close to its all-time high, reaching $4,787.85 before settling at $4,729.59, while Ripple rose about 0.3% to trade at $3.2757.
The total global cryptocurrency market capitalization stands at $4.16 trillion, with total trading volume over the past 24 hours reaching $249.15 billion, according to CoinMarketCap data.
According to data from El Salvador's Bitcoin Office, the country purchased an additional seven Bitcoins over the past seven days, bringing its total holdings to 6,268.18 Bitcoins, valued at more than $766 million.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Argaam
8 hours ago
- Argaam
Municipalities Ministry updates rules for advertising, signboards
The Ministry of Municipalities and Housing issued updated regulatory requirements for permanent and temporary advertising and signboards in cities across the Kingdom, aimed at encouraging investment and easing procedures for investors and beneficiaries. The move is expected to have a positive impact. The new rules cover advertising and signboards under the ministry's supervision, with the goal of attracting investment, regulating both permanent and temporary displays, and enhancing compliance standards to combat visual pollution. The requirements do not apply to advertising and signboards directed at customers inside commercial establishments, ads on mobile vehicles, screens and boards displaying product or currency prices, boards inside cinemas, or signboards for government announcements. Licensing procedures—including issuance, renewal, modification, suspension, and cancellation—must comply with the Law of Municipal Licensing Procedures and its executive regulations. Approval from the General Directorate of Traffic is required for licenses related to vehicles or trucks. Temporary promotional discount ads must be cleared by the Ministry of Commerce, while temporary real estate advertising boards require approval from the Real Estate General Authority (REGA).
Al Arabiya
10 hours ago
- Al Arabiya
India, China eye resuming border trade
India and China are discussing resuming border trade five years after it was halted, foreign ministry officials on both sides have said, as US tariffs disrupt the global trade order. Past trade across the icy and high-altitude Himalayan border passes between the neighbors was usually small in volume, but any resumption is significant for its symbolism. The two major economic powers have long competed for strategic influence across South Asia. But caught in global trade and geopolitical turbulence triggered by US President Donald Trump's tariff regime, the countries have moved to mend ties. Chinese Foreign Minister Wang Yi is expected for talks in New Delhi on Monday, according to Indian media, after his counterpart Subrahmanyam Jaishankar visited Beijing in July. That, as well as agreements to resume direct flights and issue tourist visas, has been seen as an effort to rebuild a relationship damaged after a deadly border clash in 2020 between their nations' troops. 'For a long time, China-India border trade cooperation has played an important role in improving the lives of people living along the border,' China's foreign ministry said in a statement to AFP on Thursday. It added that the two sides have 'reached a consensus on cross-border exchanges and cooperation, including resumption of border trade'. New Delhi's junior foreign minister, Kirti Vardhan Singh, told parliament last week that 'India has engaged with the Chinese side to facilitate the resumption of border trade'. No restart date was given by either side. Successive US administrations have seen India as a longstanding ally with like-minded interests when it comes to China. India is part of the Quad security alliance with the United States, as well as Australia and Japan. But ties between New Delhi and Washington have been strained by Trump's ultimatum for India to end its purchases of Russian oil, a key source of revenue for Moscow as it wages its military offensive in Ukraine. The United States will double new import tariffs on India from 25 percent to 50 percent by August 27 if New Delhi does not switch crude suppliers. Prime Minister Narendra Modi, according to Indian media, might also visit China in late August. It would be Modi's first visit since 2018, although it has not been confirmed officially. Beijing has said that 'China welcomes Prime Minister Modi' for the Shanghai Cooperation Organisation summit opening on August 31.
Argaam
11 hours ago
- Argaam
Bitcoin hits new record high above $124,000
Cryptocurrency performance was mixed during Thursday's trading, as investors moved toward high-risk assets following a relative easing of trade tensions, amid expectations that the Federal Reserve will cut interest rates. Bitcoin slipped 0.3% to $122,125.10 as of 12:09 a.m. Makkah time, after touching $124,496 — its highest level on record — and accounted for about 58.7% of the total cryptocurrency market capitalization. Ethereum, the second-largest cryptocurrency by market value, came close to its all-time high, reaching $4,787.85 before settling at $4,729.59, while Ripple rose about 0.3% to trade at $3.2757. The total global cryptocurrency market capitalization stands at $4.16 trillion, with total trading volume over the past 24 hours reaching $249.15 billion, according to CoinMarketCap data. According to data from El Salvador's Bitcoin Office, the country purchased an additional seven Bitcoins over the past seven days, bringing its total holdings to 6,268.18 Bitcoins, valued at more than $766 million.
