2024-11-12 17:55:09
Finance

Trump's Victory Sparks Crypto Surge

Following Donald Trump's election win, the cryptocurrency market experienced a significant surge. Bitcoin soared to a new record high, surpassing $75,000, while other digital currencies like Ethereum, Solana, and Dogecoin also saw impressive gains. Analysts attribute this surge to Trump's pro-crypto stance and the potential for a Republican trifecta, which is expected to create favorable conditions for digital currencies.

The crypto boom extended to related stocks, with companies like Coinbase and Robinhood seeing their share prices rise. The victory also boosted memecoins such as Dogecoin, which increased by 13%, driven by investor optimism and the potential involvement of Elon Musk in Trump's administration.

The rise in Bitcoin's value has caught the attention of traditional financial markets, with inflows into crypto ETFs reaching record levels. The prospect of deregulation under Trump's leadership is seen as a key factor in the market's bullish sentiment. Additionally, the Federal Reserve's rate cut has further fueled interest in riskier assets like cryptocurrencies.

Overall, Trump's victory has injected fresh momentum into the cryptocurrency market, with investors hopeful for continued growth and adoption of digital assets.

theepochtimes
11. November 2024 um 23:17

Trump’s Win Fuels Bitcoin Rally to Fresh Record High

Cryptocurrencies & blockchain
Finance
Politics
Economy
Bitcoin and cryptocurrencies surged to record highs after Trump's election victory, with Ethereum, Solana, and Dogecoin also rallying. Crypto exchange Coinbase and trading app Robinhood saw share price spikes, while the bitcoin ETF reached a new all-time high. Analysts cite Trump's pro-crypto policies and the potential for a Republican trifecta as driving the crypto boom. The U.S. bond market has surged, with the benchmark 10-year yield climbing 70 basis points and the 20- and 30-year yields a..
The Street
15. November 2024 um 19:10

Dogecoin memecoin spikes after Trump wins U.S. election

Politics
Finance
Dogecoin, a meme coin boosted by Tesla CEO Elon Musk, spiked 13% after Trump's 2024 win. Other altcoins like Shiba Inu rose 4%. Bitcoin jumped to over $75,000, surpassing its March high. Memecoins outperformed the crypto market, reflecting investor risk-taking. Trump's victory is expected to create a more favorable crypto policy, potentially benefiting bitcoin's value, adoption, and viability, according to James Butterfill, Head of Research at CoinShares. Musk may join the Trump administration,..
Yahoo Finance
12. November 2024 um 16:23

11 stocks that are soaring after Trump's election win — and why they're up

Finance
Politics
Environment
Economy
Trump's victory boosts stocks in sectors he championed, including Tesla, Trump Media, banks like JPMorgan, Morgan Stanley, and Capital One, private prisons like GEO Group and CoreCivic focused on the zero tolerance policy, crypto firms like MicroStrategy, Coinbase, and MARA Holdings seeking to benefit from Trump's pledge to create a Bitcoin reserve and pro-crypto stance expressed at the Bitcoin conference, and non-renewable energy companies like EQT and Baker Hughes. Investors expect reduced r..
CoinDesk
12. November 2024 um 14:00

Time for Crypto to Put the Pedal to the Floor Record $1.38B U.S. Bitcoin ETF Inflows on Trump Win, Fed Rate Cut

Politics
Finance
Economy
Trump's win offers chance to reshape crypto regulation. SEC Chair Gensler stifled crypto, but exemptions like Reg D, A, CF limit liquidity. Crypto firms raised $20.3B in 2018 vs $500M Reg CF 2023, showing crypto's regulatory arbitrage. McKinsey identified access to capital as limiting small business productivity. Crypto projects like Polkadot, Solana, Chainlink saw huge growth. Only 1 CoinDesk 20 crypto launched after January 2021, showing Gensler's impact. Industry must expand retail adoption..
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