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American Globalized Economic Order market shifts analysis thread
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2024-11-05 at 3:58 PM UTCpost global or local market shifts due to the recent political upheaval in the global economy capital of USA since we all know Trump is gonna win and "He who panics first, panics best"
10% doesn't do anything to hurt me. You can probably get away with 25% to step on the necks harder of these fucks in my country, please consider it. Thanks - Canada -
2024-11-06 at 7:55 PM UTCBitcoin 100k
https://globalnews.ca/news/10855921/trump-us-election-win-bitcoin-price/
https://www.forbes.com/sites/digital-assets/2024/11/06/bitcoin-price-became-a-real-time-outcome-indicator-during-the-election/The price of bitcoin hit a new high Wednesday as investors bet that former President Donald Trump’s victory in the U.S. presidential election will be a boon for cryptocurrencies.
Bitcoin jumped nearly 8% in early trading, climbing above $75,000 and smashing its previous record set in March. Other cryptocurrencies also soared, including ether, the world’s second most popular cryptocurrency after bitcoin, which rallied 8%.
Another token, dogecoin, rocketed as much as 18%. It’s the favorite cryptocurrency of billionaire Elon Musk, one of Trump’s most prominent supporters.
Crypto-related shares outran the rest of the stock market. Coinbase, one of the biggest cryptocurrency exchanges, leaped 17%. Online brokerage Robinhood Markets, which offers crypto trading, soared 12% and MicroStrategy, which says it is the “largest corporate holder of bitcoin,” jumped 10%.
Trump was previously a crypto skeptic but changed his mind and embraced cryptocurrencies ahead of the election.