China Agrees to Buy 20 Million Tons of U.S. Coal 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Trump to Ease U.S. Fuel-Economy Standards 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
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Bitcoin Hits Record High as Trump Victory Sparks Optimism for Crypto-Friendly Policies
Bitcoin Surges Beyond $81,000 Amid Market Optimism
On Sunday evening, Bitcoin reached an unprecedented high of $81,373.5, marking a significant milestone for the cryptocurrency market. This latest surge comes as a reaction to Donald Trump’s recent presidential election victory, which has raised hopes for crypto-favorable regulations in the United States. By 18:16 ET (23:15 GMT), Bitcoin settled around $80,362.9 after a near 6% spike, bolstering its bullish momentum.
Trump’s Win Boosts Market Sentiment
Trump’s campaign promise to establish the U.S. as a global “crypto capital” has fueled strong investor optimism. His election has intensified interest in the cryptocurrency sector, contributing to a robust 10% increase in Bitcoin’s price over the past week. Year-to-date, Bitcoin is up an astounding 91%, a rally that reflects growing institutional interest and public support for cryptocurrency.
Ethereum Also on the Rise
Ethereum (ETH), the world’s second-largest cryptocurrency, joined the upward trend, rising 1.8% to $3,190.0—its highest level in three months. The combined performance of Bitcoin and Ethereum signals a positive outlook for broader cryptocurrency markets, buoyed by regulatory anticipation and increased mainstream adoption.
For further reading, you can check out the following sources:
- Bitcoin Surges to All-Time High After U.S. Election
- How Trump’s Victory Could Impact Cryptocurrency Regulations
- Ethereum Joins Bitcoin in Bullish Momentum Following U.S. Election Results
