Trump announces victory! Bitcoin hits new high! 🐶🐶🐶🐶
On November 6, Trump declared victory in the 2024 election. Trump has secured at least 270 electoral votes and will return to the White House in January! The three major U.S. stock indexes opened higher, with the Dow Jones Industrial Average up 3%, the S&P 500 up 2.06%, and the Nasdaq Composite up 2.05%; the Russell 2000 small-cap index rose 4%, marking the largest increase since November 2023.
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On November 6, Trump announced his victory in the 2024 election. Trump has secured at least 270 electoral votes and will return to the White House in January! The three major U.S. stock indexes opened higher, with the Dow Jones Industrial Average up 3%, the S&P 500 up 2.06%, and the Nasdaq Composite up 2.05%; the Russell 2000 small-cap index rose 4%, marking the largest increase since November 2023. Before the election, analysts predicted that if Trump won, the price of BTC could rise to $80,000 or $90,000. Matrixport analysis indicated that as the election results became clearer, the market expected a year-end rally in risk appetite, giving U.S. traders reason to increase their positions. With the upward momentum of BTC, the greed and fear index is also expected to rise further.
GSR research analyst Toe Bautista stated that from the perspective of altcoins, many project teams have been waiting for the right moment, observing the election results. If macro conditions remain favorable, the price of BTC could rise further, making it easy to foresee BTC reaching $80,000, whether in Q1 next year or by the end of the month. Trump has repeatedly voiced support for Bitcoin in public and has attended the Bitcoin conference in Tennessee on July 25, 2024. On November 6, Bitcoin touched $75,000, reaching a new historical high after 236 days. Today, news of the election is everywhere, with not much content to write about; U.S. stock indexes are up, Bitcoin hits a new high, hoping the market sentiment can further warm up. On Friday, the Fed's rate cut of 25 basis points is nearly fully priced in, with the possibility of further cuts in December around 66%.#BabyMarvinf9c7值🉐拥有🈶