Continuing to make history! Bitcoin once broke through $0.093 million, next step aiming for $0.1 million?
According to data from the derivatives exchange Deribit, call options are betting on bitcoin reaching 0.1 million dollars. There are constant optimistic voices in the market, but some industry insiders point out that a lot of good news has already been priced into bitcoin, and in addition, the surge in US bond yields is unfavorable for cryptos.
Express News | The global cryptos market has surpassed $30 trillion in hopes that Trump's big move will bring glory.
"How long can the Trump trade continue?"
Compared to other presidential candidates, the impact of Trump's victory is unique, but Wall Street should also be wary of the fading of this effect.
Witnessing a milestone in cryptos! The total market value has reached 3.2 trillion U.S. dollars, surpassing microsoft, setting a new historical high.
According to CoinGecko, the overall market cap of cryptos hit a historic new high of 3.2 trillion US dollars.
The heat of the 'Trump trade' is still on, but how long can it last?
Stocks, bonds, and other assets are already expensive relative to historical levels. Trump's trade protectionism policy may lead to a resurgence of inflation and force the Federal Reserve to maintain interest rates at high levels for a longer period of time. In addition, the US economy is facing continuously expanding fiscal deficits and a labor market that is already showing signs of fatigue, which could put pressure on the economic growth outlook.
"Trump trade" remains popular, but how much longer can it last.
Stocks, bonds, and other assets are already expensive relative to historical levels. Trump's trade protectionism policy may lead to a resurgence of inflation and force the Federal Reserve to maintain interest rates at high levels for a longer period of time. In addition, the US economy is facing continuously expanding fiscal deficits and a labor market that is already showing signs of fatigue, which could put pressure on the economic growth outlook.