Hey, did you notice that the news of Trump's return to the White House today caused a big shock in the financial market! Now the "Trump trade" has become active again, and the US stock market and the virtual currency market have both fluctuated greatly.
Let’s talk about the U.S. stock market first. Before the opening, stock index futures rose across the board, and small-cap stocks performed particularly well. The U.S. Small Cap 2000 Index Futures rose by 4%, which is the highest since December 2021! Trump Media & Technology Group Corp. rose by more than 10% before the market opened, and even soared by 43% in the night market last night!
The US dollar is also rising rapidly. The US dollar index rose 1.57% in one day, breaking through the 105 mark. This is the largest single-day increase since March 2020.
Bitcoin's performance was even more amazing, breaking through $75,000, with an intraday increase of nearly 9%, setting a new record high. Many people failed to hold their positions. According to CoinGlass data, nearly 100,000 people had their positions liquidated in the virtual currency market in the past 24 hours, with the liquidation amount reaching $468 million (about RMB 3.3 billion). The turmoil in the virtual currency market is really great!
It is said that Standard Chartered Bank has previously predicted that if Trump wins the election, Bitcoin may rise all the way to $125,000. Henrik Andersson, chief investment officer of Apollo Capital, also said that Trump's victory will be a key factor in driving the rise of the crypto market, and it is possible that Bitcoin will reach $100,000 by the end of the year.
Anyway, the market is already getting lively now, so everyone can pay more attention to both the U.S. stock market and the crypto market!
