The “Trump deal” set off a new climax in the market. $Bitcoin (BTC.CC)$ It surpassed 89,000 US dollars for the first time in history. Tesla has rebounded sharply by 39% since election day, and the US dollar also rose to a four-month high.

After Trump won the election last week, the Republican Party won a majority in the Senate, and the possibility of controlling the House of Representatives is increasing, and the capital market continues to be excited.

The US dollar index hit a four-month high, and non-US currencies generally declined.

Bitcoin is unstoppable. It has been reaching new highs almost every day since the election. The total market value of the global crypto market has broken through 3 trillion dollars for the first time in three years, and crypto-related stocks have also risen one after another. Analysts believe that Bitcoin will sprint to the 0.1 million dollar milestone before the end of the year.

Tesla also started an almost ridiculous rebound, rising 39% since Election Day. According to the analysis, Tesla is a typical “momentum” stock, and the increase may expand like a snowball.

However, some analysts said they should be wary. Drew Pettit, head of US stock strategy at Citigroup, said:

The market is currently in an excited state. Optimists think Trump will be good for the market and the economy, and they overlook situations where bad things could happen. Trump's proposed policies, including high tariffs, tax cuts, interference with the Federal Reserve's monetary policy, and large-scale expulsion of millions of immigrants, could push up the US government deficit and re-trigger inflation after months of reduced pressure.

The US dollar hit a new high of more than four months, and non-US currencies are under pressure

The “Trump deal” ignited the dollar. Overnight, the Bloomberg dollar index rose 0.5%, surpassing the level of the second day after the election and hitting a new high of more than four months.

Non-US currencies were collectively under pressure, and the euro fell more than 0.6% against the US dollar. At one point in the intraday period, it fell to 1.063 US dollars, the lowest level since April.

The dollar rose 0.70% against the yen to 153.71 yen, and continued to fluctuate upward throughout the day.

In terms of other currencies, the pound fell 0.40% against the US dollar to 1.2870, and the dollar rose 0.55% against the Swiss franc to 0.8805.

Bitcoin is unstoppable, sprinting to the 0.1 million dollar milestone

Bitcoin surged more than 10% overnight, surpassing $88,000 for the first time in history. Since last week's election, the price of Bitcoin has soared by more than 30%, hitting record highs almost every day.

The entire coin community is cheering. In addition to Bitcoin's surge, bullish sentiment has also boosted smaller coins, including Dogecoin.

Cryptocurrency companies' stock prices also rose sharply, overnight Bitcoin agency $MicroStrategy (MSTR.US)$ Up 26%, cryptocurrency exchanges $Coinbase (COIN.US)$ Up nearly 20%, cryptocurrency miners $MARA Holdings (MARA.US)$ und $Riot Platforms (RIOT.US)$ They rose 29% and 17%, respectively.

Chris Newhous, head of research at Cumberland Laboratories, said:

Bitcoin continues to break expectations and hit new highs. The market trend seems to have finally realized that we will enter an undeniable bull market in the next few years.

Investors are betting that Trump will benefit the cryptocurrency industry, Bitcoin conference organizer David Bailey of BTC Inc. said:

Trump's victory and the growing possibility of a massive Republican victory present a unique opportunity to advance transformative legislation, and America will become a world power in Bitcoin and cryptocurrency.

The Trump administration is expected to support the cryptocurrency industry, and since it controls both houses of Congress and will have more power to enact favorable legislation, Trump and congressional allies have previously expressed support for the establishment of a Bitcoin national reserve.

Looking ahead, Bitcoin options traders have set their sights on the 0.1 million dollar milestone. According to data from cryptocurrency options exchange Deribit, investors are betting that Bitcoin will break this milestone as early as the end of the year.

Deribit data shows that as of Monday morning London time, 9635 bitcoin (worth about $0.78 billion) of open positions are betting that bitcoin will reach 0.1 million dollars on December 27. This is the highest bet of any deal on this expiration date, and Deribit believes the deal has an 18.6% chance of return.

Tesla surged 39%, almost an absurd rebound

Musk gave his full support to Trump, and after Trump won the election, Tesla fans also got back on their feet. As investors buy in $Tesla (TSLA.US)$ Stock. Since the November 5 general election, the stock has risen by more than 39%, and its market value has increased by more than 300 billion US dollars.

Market professionals point out that Tesla is a typical “momentum stock,” and when investor sentiment changes drastically, its rise or fall will rapidly expand like a snowball.

Steve Sosnick, chief strategist at Interactive Brokers, said:

Musk gambled against Trump, and Tesla became the beneficiary. In addition, the market is keen to buy on dips, chase increases, and often uses leverage or options to achieve this goal, so we have obtained an almost ridiculous rebound pattern.

Options traders are betting that Tesla will rise further. The three-month premium for call options over put options reached its highest level since the beginning of 2021. Tesla's stock price is expected to break through the historical intraday high of $414.50. This high was set during the pandemic, when retail investors pushed up a lotPopular stocksThe price.

Wedbush analyst Daniel Ives said that Trump's entry into the White House would “completely change” Tesla's autonomous driving and artificial intelligence business, and he raised Tesla's price target from $300 to $400.

Editor/Somer