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Vice President Vance: I'm not focused on the next US election right now.
Bitcoin prices fell 3.6% to about $85,600 on Wednesday, a drop of 15% over the past month, and more than $800 billion was wiped off the global cryptocurrency market in just a few days. Outflows from spot bitcoin ETFs exceeded the previous daily record of $671 million, and Geoff Kendrick, global head of digital asset research at Standard Chartered, estimates that since the U.S. election, the average purchase price of spot bitcoin ETFs has been around $97,000, meaning buyers have lost a total of a...
According to Spot On Chain, in November 2024 (the month of the US election), the price of Bitcoin skyrocketed by 37.3%. Historically, every December after the election month has shown a significant increase (30% -46%). This is in line with our April prediction that BTC could reach $100,000. Now, with new FOMO factors emerging, our model even suggests that BTC could reach $115,000 this month.
According to Bloomberg, Bitcoin has set a record for the longest losing streak since Trump won the US election. As of Monday, Bitcoin has lost about 6% for three consecutive days. Since the November 5th election day, the total market capitalization of the cryptocurrency market has increased by 1 trillion US dollars, but the growth is currently stagnant. IG Australia analyst Tony Sycamore believes that the pullback is mainly to eliminate overbought conditions, not a trend reversal. Independent Re...
Nelson Peltz, the hedge fund manager who sided with Trump in the US election, said the election-driven stock market rally could not continue uninterrupted, and revealed that he was the matchmaker between Trump and Musk. "I'm a matchmaker," Peltz recalled, paving the way for Musk. One weekend in 2023, when Musk visited Peltz's house, Peltz also invited Trump to breakfast. "I don't know if Trump would have... without Musk's help," Peltz said.
Goldman traders expect forecast rotation pressure to continue to be a prominent feature of the market after the US election-led trading session ends, as investors put money into smaller companies and look for opportunities with cyclical/inflation themes. Mike Washington, a trader at Goldman Sachs, said that with the election, the Federal Reserve and the Bank of England each cutting interest rates by 25 basis points, volatility correction in yields (the 10-year Treasury yield fell 7 basis points ...
Since Trump won the US election, hedge funds that insist on shorting Tesla have lost billions of dollars, and Elon Musk and Trump's special following pair have caused a shock. Calculations of data compiled by S3 Partners found that hedge funds holding short Tesla positions lost at least $5.20 billion on paper between Election Day and Friday's close.
Trump won the 2024 US election, and energy, manufacturing, and financial sectors strengthened. The Dow rose 3.16%, the Nasdaq rose 1.81%, and the S & P 500 rose 1.94%. Trump concept stocks soared, Trump Media Technology Group rose 28%, Phunware rose more than 20%, and Rumble rose 8%. Bitcoin hit another record high in intraday trading today. Cryptocurrency concept stocks rose generally, Canaan Technology rose nearly 14%, MicroStrategy rose more than 11%, MARA Holdings rose more than 8%, and Riot...
Trump won the 2024 US election, Tesla's US stock market rose more than 12%, and Trump Media Technology Group soared 58%.
Speaking on the social media platform "X" about the US election results, Musk said: "Tonight, the American people gave Donald Trump a very clear mandate for change. He also said the future will be great, accompanied by a photo of a SpaceX rocket. Musk also posted a meme" Let that sink in "showing him entering the White House with a sink. In 2022, when Musk took over Twitter, he promised to cut jobs and entered the company with a sink.
