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As bitcoin reached historic highs, surpassing $100,000 for the first tim e, El Salvador's President Nayib Bukele was triumphant on Thursday about his big bet on the cryptocurrency. The adoption of bitcoin — which has been legal tender in the Central American nation since 2021 — never quite matched the president’s enthusiasm, but the value of the government’s reported investment now stands at more than $600 million. Bitcoin has rallied mightily since Donald Trump’s election victory last month, exceeding the $100,000 mark on Wednesday night, just hours after the president-elect said he intends to nominate cryptocurrency advocate Paul Atkins to be the next chair of the Securities and Exchange Commission.

Shares were up 10.5 percent in after-hours trading as the active brand appeared to find more of its footing in the U.S.

(Bloomberg) -- Bitcoin pulled back a record high with some traders already seeking to hedge against a deeper retreat after the original cryptocurrency surged to more than $100,000 for the first time.Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThere has been an uptick

"We're supposed to achieve maximum employment and price stability for the benefit of all Americans and keep out of politics completely," Powell said.

Google said it is bringing its Waymo self-driving taxis to Miami, news that sent Uber and Lyft stock prices lower as investors weighed the risk to their services.

US benchmark equity indexes retreated from Wednesday's record closing levels as traders parsed the l

The S&P 500 declined 0.2% on Thursday, Dec. 5, as the record-setting stock rally cooled ahead of Friday morning's jobs report.