Express News | The correlation between bitcoin and US stocks has fallen to a five-year low.
Bitcoin rebounds from its largest decline since the election, as traders carefully weigh the potential impact of Trump's policies.
Bitcoin prices have intensified fluctuations, rebounding from the largest two-day decline since the results of the usa election, reflecting a change in the assessment of the impact of the elected President Trump's policy agenda.
The IMF warns that these two major industries are comparable to "electricity-hungry giants": their power consumption approaches that of a major economy.
①IMF Deputy Managing Director Gita Gopinath is concerned that the energy consumption and carbon footprint of cryptocurrency mining and datacenters are rapidly increasing; ②She expects that by 2027, the share of these two industries in global electrical utilities may rise from 2% in 2022 to around 3.5%; ③This level is comparable to the current electricity consumption of Japan, the world's fifth largest electricity-consuming country.
Polymarket accurately predicted the usa election, but experts say the encrypted betting platform "has been overhyped".
The future prospects of the cryptos prediction market are unclear.
No signs of a bubble! Has bitcoin still not peaked?
Options and futures market traders are all betting that bitcoin has more room for a rebound.
Are good days coming? American technology companies are looking forward to Trump 2.0, which will be crucial in reducing regulations.
①With Trump winning the election, many American technology company executives feel excited because Trump's victory means that the United States' fiscal spending is expected to increase, trade regulations will be relaxed, which is crucial for technology enterprises; ②Although Trump's anti-monopoly agenda is still uncertain, people seem to be increasingly optimistic that compared to Biden, he will take a less interventionist approach towards giant monopolies.