The 'Trump Trade' is back! Tesla and Bitcoin hit new all-time highs

Last night, the three major U.S. stock indices closed mixed, with the Nasdaq up 1.24%, the S&P 500 up 0.38%, and the Dow down 0.25%.

As the time for Trump's inauguration approaches, the 'Trump Trade' has returned.

Last night, Tesla topped the U.S. stock trading volume, closing up 6.14% and reaching a new all-time high.

According to reports, Trump's transition team plans to eliminate the consumer tax credit for electric vehicle purchases, impose import taxes on all battery materials globally, and withdraw Biden's support for electric vehicles and charging infrastructure. Musk stated that the removal of subsidies would impact competitors more than Tesla, as he believes Tesla has already established a dominant position in the market. Additionally, Tesla has recently raised prices on some models.

As a representative of the 'Trump Trade', the cryptocurrency market has also surged significantly.

Bitcoin broke through the $107,700 mark during trading, with the latest price at $105,584 per coin.

Amid wide fluctuations, investors shorting Bitcoin and going long at high positions have suffered heavy losses. In the past 24 hours, over 110,000 people have been liquidated, with liquidation amounts exceeding $400 million.

Additionally, last night, Apple, Google, and Amazon all reached new highs.

Most popular Chinese concept stocks fell. iQIYI dropped about 8%, Manbang, Tencent Music, and BOSS Zhipin fell over 5%, and Bilibili dropped over 3%.

This week, the world is focused on the Federal Reserve's interest rate decision. According to CME's 'FedWatch': the probability of the Federal Reserve maintaining the current interest rates in December is 4.6%, and the cumulative probability of a 25 basis point rate cut is 95.4%.

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