Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
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
