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With bitcoin fast nearing $100,000, market analysts are closely watching the ETH/BTC price ratio.

Bitcoin’s run toward $100,000 has helped unleash massive gains for shares of a handful of cryptocurrency-adjacent companies. But it’s also raising questions about what it might mean for the rest of the stock market.

(Bloomberg) -- Scott Bessent, the veteran hedge fund manager who Donald Trump picked to become the next Treasury secretary, wants tariffs, a shadow chair for the Federal Reserve and maybe a weaker dollar.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeNYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid ProbesRe

In 2021, the first Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) hit the U.S. market. Following the launch, Morningstar analyst Ben Johnson told investors in no uncertain terms, "These aren't the Bitcoin ETFs you're looking for." The problem with that strategy is that price changes in futures contracts do not always mirror price changes in Bitcoin.

(Bloomberg) -- Saudi Arabia’s sovereign rating was upgraded by Moody’s Investors Service for the first time since the company initially assessed it in 2016, driven by continued progress in the kingdom’s economic diversification and a better outlook for the non-oil sector. Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC Gets Historic Push for 80,000 Homes With $5 Billion Pledge

Tokens such as XRP and ADA jumped Friday on news that SEC chairman Gary Gensler planned to step down once Trump returns to the White House.

President-elect Donald Trump has nominated Wall Street titan Scott Bessent as Treasury Secretary.