PARIS, Dec 18 (Reuters) - Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap in to fresh pockets of wealth and build loyalty with crypto investors.
Until recently, only a handful of luxury brands including LVMH (LVMH.PA), opens new tab watch labels Hublot and Tag Heuer as well as Kering-owned (PRTP.PA)$BTC , opens new tab fashion brands Gucci and Balenciaga have experimented with crypto payment offers
Binance Coin (BNB) is a native token of the Binance cryptocurrency ecosystem. Since its launch in 2017, the coin's price has increased significantly. However, as with other digital assets, it is subject to increased volatility. $BNB
Crypto Gems: Top crypto assets to watch & buy in December 2024
Bitcoin's surge to $100,000 fuels a bullish crypto market, with analysts eyeing $150,000. Emerging Layer-1 blockchains, DEXs, gaming tokens, and memecoins offer potential high returns, while established players like Bitcoin, Ethereum, and Solana remain safe bets.
$BTC Bitcoin catapulted above $100,000 for the first time on Thursday, a milestone hailed even by sceptics as a coming-of-age for digital assets as investors bet on a friendly U.S. administration to cement the place of cryptocurrencies in financial markets.
Once it broke $100,000 in Thursday's Asian morning, boosted by U.S. President-elect Trump's nomination of pro-crypto Paul Atkins to run the Securities and Exchange Commission, it was soon at an all-time high of $103,649. It last fetched $98,803, up 0.95% on the day .