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How did the cryptocurrency market perform before and after Trump took office?
Data shows that historically, the market performs well after presidential elections, and then enters a stagnation phase after the elected president takes office.
Nasdaq, S&P hit new highs, French stock and bond yields fluctuate and rise, Euro once fell more than 1%, Dollar rose.
On the first trading day of December, Cyber Monday shopping amounts will break records, with the Nasdaq and Chinese concept stocks rising about 1%, and the chip index leading with a 2.6% increase, while the Dow fell from its peak. Tesla soared over 4% during the day, intel rose nearly 6% before turning negative, super micro computer surged nearly 29%, and Xpeng autos climbed over 5%, but Li Auto dropped nearly 4%. The French government faces a vote of no confidence, causing French stocks to briefly fall over 1%, and the spread between French and German government bond yields approached the widest in twelve years. US henry hub natural gas fell over 4%, the indian rupee hit a new low, and the offshore yuan dropped over 400 points, falling below 7.29 yuan.
Litecoin Set to Mimic XRP's Price Surge? THIS Data Suggests...
Cryptocurrencies Price Prediction: Bitcoin, Ripple & Crypto – European Wrap 2 December
Crypto Boom Still Ongoing With XRP Roaring, Metals Well Supported
Long-term bitcoin holders have become net sellers. Has bitcoin reached its peak?
As the price of bitcoin (BTC) approaches the $0.1 million threshold, it is set to reach a historic milestone. This significant price increase has sparked optimism among investors, confirming bitcoin's dominant position in the cryptos market.
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