Trump is elected as the next President of the United States, and both traditional financial markets and the cryptocurrency market begin to digest Trump's electoral victory.
In traditional financial markets, the US dollar and US Treasury bonds surged due to the election results, but gold and oil prices fell after the election results, due to Trump’s previously mentioned plans to reduce immigration, impose broad tariffs, and cut taxes, which could raise inflation.
In the cryptocurrency market, Bitcoin's price was the first to directly react to Trump's victory, continuously reaching new highs. During his campaign, Trump made numerous promises to the cryptocurrency industry, including not supporting CBDCs and establishing a Bitcoin national reserve. For the strictly regulated altcoin market, if these cryptocurrency-friendly regulatory policies can continue to be implemented, it will truly promote the revival of the altcoin market.
