Witness history! Bitcoin breaks through $89,000, cryptos concept stocks soar across the board.
Digital currencies started to surge fiercely over the weekend and continued to accelerate on Monday. The top digital currencies by market cap all skyrocketed. Ethereum and Solana both saw a cumulative increase of about 40% in the past 7 days, higher than Bitcoin's 31%. Dogecoin, supported by Musk, doubled in value over the week. Major Bitcoin holder MicroStrategy stated that it spent approximately $2.03 billion to buy around 0.0272 million bitcoins, marking the largest purchase since December 2020. Blackrock's Bitcoin ETF IBIT has an asset under management exceeding one of the largest gold ETFs, IAU.
Express News | Trump is looking for candidates to support cryptos for financial institutions.
Top 20 Transaction Amount | Tesla rose nearly 9%, with a transaction volume of $72.32 billion; pharmaceutical company AbbVie fell by 12.57%.
On Monday, the U.S. stock market ranked 10th in sales with salesforce up by 6.14%, trading at 4.729 billion US dollars; and ranked 16th, MARA, a bitcoin concept stock, up by 29.92%, trading at 2.953 billion US dollars.
Wall Street outlook for "Trump 2.0": The first two years of presidency will have a "profound impact".
JPMorgan stated that if Trump adjusts policies on taxes, regulations, and cryptos, the first two years of his second term may be quite influential.
Hong Kong stock market morning report on November 12: US stocks closed higher, with most China concept stocks strengthening. Hong Kong Exchanges and Clearing will continue to optimize the Shanghai-Hong Kong Stock Connect.
① COP29 opened in Azerbaijan. ② The Hong Kong Stock Exchange stated that it will continue to optimize the Shanghai-Hong Kong Stock Connect trading mechanism and related services, continuously improve the Bond Connect and Swap Connect arrangements. ③ The three major US stock indexes collectively closed higher last night, with most China concept stocks strengthening. ④ Japan intends to introduce a ¥10 trillion support policy for semiconductors and artificial intelligence. ⑤ Bitcoin broke through $0.088 million.
Bitcoin skyrocketed to over 88,000 dollars, with traders betting it will break 100,000 dollars before the end of the year.
Bitcoin hits a new high in the "undeniable bull market", it is reported that Trump is preparing to have the US government take a more lenient stance on cryptos, he is looking for key candidates friendly to the crypto industry.