BlockBeats News, November 21st. According to reports, Trump's team is discussing establishing a new position at the White House dedicated to cryptocurrency policy. This comes on top of earlier reports indicating that the Trump Media Group is in talks to acquire the cryptocurrency exchange company Bakkt, making people more optimistic about the future of the cryptocurrency industry under the Trump administration. Pre-market trading saw a surge in crypto concept stocks, with MicroStrategy rising over 10%. Bitcoin was trading at $97,530 at the time of writing, edging closer to the anticipated $100,000 milestone. Bitcoin's rise attracted a significant amount of liquidity, while Ethereum and altcoins experienced widespread declines.
The futures of the three major U.S. stock indexes were generally down. At the time of writing, Dow Jones futures were down 0.15%, Nasdaq 100 index futures were down 0.40%, and S&P 500 index futures were down 0.29%.
The Hong Kong stock market closed lower on Thursday, with the Hang Seng Index falling by 0.53%, the H-share index by 0.79%, and the Hang Seng TECH Index by 1.24%. Market sentiment was generally weak. However, as Bitcoin approached $100,000 and continued to hit new highs, cryptocurrency concept stocks showed active performance with a contrarian rally. Bluefocus Digital rose by over 54%, Boyaa Interactive rose by nearly 17%, and OSL Group rose by almost 2%.
