1. Rocket Fragments Hit Ra'anana Airport Near Tel Aviv
Fragments from an intercepted rocket reportedly struck Ra'anana Airport near Tel Aviv. The Israel Defense Forces (IDF) stated that they fired 10 rockets, most of which were intercepted; however, one reached the area near Tel Aviv's Ben Gurion Airport.
2. Ukrainian Drones Attack Russian Navy
Ukrainian drones successfully attacked the Russian Caspian Fleet stationed at the Russian port of Kaspiysk.
3. Global Leaders Congratulate President Trump
Major global leaders are extending their congratulations, marking today as "Trump Day."
4. Market Reactions to Trump's Presidential Victory
Following Donald Trump's victory in the U.S. presidential election, where he secured 277 electoral votes and key swing states like Pennsylvania, the U.S. 10-year Treasury yield rose by 15 basis points to over 4.4%. It is anticipated that President-elect Trump will stimulate economic growth through increased fiscal spending and tax cuts while maintaining high interest rates to curb inflation.
The balance of power in Congress remains critical, as it could significantly influence future spending and tax policies. Expectations of increased government spending and a heavier debt burden have already led to rising bond yields. In terms of monetary policy, the market generally expects the Federal Reserve to announce a more cautious rate cut of 25 basis points on Thursday.
Today being "Trump Day," the Dow Jones Industrial Average futures surged over 1,000 points. Tesla's stock price rose by 3% in pre-market trading, Trump Media stocks increased by 10% pre-market, and the U.S. dollar reached its highest level since July, with the Dollar Index ($DXY) recording its largest single-day increase in over two years.
5. French Trader Wins Big on Trump's Victory
With Trump's win on Polymarket, French trader Theo stands to gain $49 million. His bold bet could become one of the most profitable political wagers in history.
6. Crypto Market Cautions Amid Bitcoin Surge
The cryptocurrency market, particularly Bitcoin ($BTC), is experiencing significant enthusiasm as it enters a bullish phase. However, investors are advised to be cautious of potential sudden corrections.
7. Implications of Trump's Victory on Bitcoin
In light of Trump's presidential win, discussions have emerged regarding Bitcoin's future. Trump, focused on America's interests and the strength of the U.S. dollar, may see an opportunity to leverage Bitcoin to bolster national dominance. However, if Bitcoin hinders his objectives, policies may shift accordingly. There is also speculation that SEC Chairman Gary Gensler may be replaced.
Trump's commitment to protecting America's global standing could lead to strategic decisions involving Bitcoin and even attempts to exert greater control over the Federal Reserve.
8. Market Indicators Signal Potential Corrections
Today's Fear and Greed Index stands at 70. Bitcoin's supply in profit is at 94.55%, while the supply in loss is at 5.45%. Typically, a market correction occurs when profit supply reaches 100%. Bitcoin's market dominance is at 58.32%, while Ethereum's ($ETH) dominance is at 12.4%. The market is witnessing broad gains, including Ethereum.
9. Bitcoin's Next Target and Market Warnings
Heat maps indicate that Bitcoin's next target could be $76,000. Traders holding short positions should exercise caution.
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