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Stock impact report

Bitcoin rises above $94,000 for the first time [Globe and Mail, The (Toronto, Canada)]

Bakkt Holdings, Inc. (BKKT) 
Bitcoin rose to a record high above $94,000 as a report that Donald Trump's social media company was in talks to buy crypto trading firm Bakkt boosted expectations of a crypto-friendly regime under his incoming administration. Bitcoin, the world's biggest and best-known cryptocurrency, has more than doubled this year. It was last at $93,521 on Wednesday, having hit a high of $94,078 in early Asian trading hours. The Financial Times said Trump Media and Technology Group , which operates Truth Social, is close to an all-stock acquisition of Bakkt, which is backed by NYSE-owner Intercontinental Exchange. “Trump's seeming interest to push further into crypto on a personal level has contributed to optimism that crypto will be a top priority when Trump takes office,” said Stéphane Ouellette, chief executive officer of crypto trading firm FRNT Financial. Earlier this week, the Wall Street Journal reported Trump was meeting privately with the crypto exchange CEO Brian Armstrong, furt Show less Read more
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