Hitting a new all-time high again! Bitcoin once approached the $80,000 mark, what happened?
Cryptos are considered part of the 'Trump Trade' phenomenon. Since the election began, investors in the crypto market have been betting on Trump's victory, resulting in a significant rise across the crypto board and a fervent trading atmosphere in the market.
Express News | Ethereum broke through $3200 per coin, hitting a new high since August.
Express News | Bitcoin continues to surge, breaking through $79,000, setting a new all-time high.
Express News | Bitcoin surpasses $78,000, continuing to hit new all-time highs.
Express News | Bitcoin, Ethereum both rising, Bitcoin now approaching $78,000.
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Golden Observation | The era of Trump 2.0 is coming. Is the cryptocurrency market really smooth sailing?
Bitcoin hits new highs continuously. Can investors really blindly go long?
"Trump trade" fizzled out, what is the market worried about?
The market is concerned that if Trump really fulfills his campaign promises, especially on tariff policy, the usa may see larger deficits and soaring inflation, immigrant workers being deported, which could lead to a significant decline in economic growth.
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Due to the extremely violent fluctuations before the bull market started, and the market sentiment escalated very quickly, many investors were empty-handed in the first phase of the rise, which also led to the market's sentiment remaining very anxious. So, should investors who are empty-handed or lightly positioned chase after higher prices?
Market doubts policy difficult to implement, traders' enthusiasm for the "Trump trade" cools down.
After initially rushing into the 'Trump trade', some investors in certain asset classes are gradually lowering their enthusiasm, as they question whether Trump will pursue his ambitious tariff proposals as the President of the USA.
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Latest cryptos news | Bitcoin maintains a high of $76,000, Ethereum approaches the $3,000 mark; JPMorgan: Bitcoin will continue to benefit from Trump's victory in the next eight weeks or so.
According to an official press release, Detroit will become the largest city in the USA to accept cryptos as payment. Starting from the mid-2025, local residents can use cryptos to pay taxes, fees, and other municipal expenses through a secure platform managed by paypal.
Schroder Investment: How will Trump's victory affect the global economy and stock market?
He promised further tax cuts and regulatory easing, while imposing additional tariffs and tightening immigration policies, this series of policies will have a re-inflationary effect on the economy of the usa.
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