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Trump’s return will benefit gold and bitcoin, says JPMorgan
After the results of the 2024 presidential elections, JPMorgan expert analysts expect that gold and bitcoin both benefit from Trump’s return to the White House. Both of the assets will gain in the president’s second round. The surge in Bitcoin to an all-time peak of $76,000 on Wednesday after the Associated Press revealed the vote counts. Moreover, […]Cryptopolitan
Nov 7, 2024
What to expect ahead of today’s Federal Open Market Committee (FOMC) meeting
Many economists speculate about what will happen during the November 6 and 7 Federal Open Market Committee (FOMC) meeting, with most expecting a lower rate cut of 25 basis points. In the event of the rate cut, the bank borrowing rates will be between 4.50% and 4.75% from 4.75% to 5.00%.Cryptopolitan
Nov 7, 2024
Binance monthly market insights: October was a meme token mode, Bitcoin (BTC) moved with S&P 500
October was a meme token month, but several other important developments shaped the crypto market. Binance’s latest monthly market insights report showed the modest overall growth of 2.8% came with important infrastructure and liquidity developments. The crypto market had a modest gain of 2.8% in October, but underneath that performance, several important trends ran their […]Cryptopolitan
Nov 7, 2024
Germany’s economy is at the edge of an epic collapse after Trump win
Germany’s economy is sliding down a steep cliff, and Donald Trump’s reelection might just be the final push over the edge. See, with Trump back in the White House, Europe’s [former] economic powerhouse is under fire, facing what some economists are calling its “most difficult moment.” Germany was barely holding on before this — with […]Cryptopolitan
Nov 7, 2024
Bitcoin Price Forecast: Retraces to around $75,000 after hitting new all-time high
Bitcoin (BTC) edges slightly down on Thursday and trades at around $74,900 after hitting a new all-time high (ATH) of $76,400 on Wednesday, buoyed by the victory of the crypto-friendly candidate Donald Trump in the US presidential election.
Fxstreet
Nov 7, 2024
China’s exports surge in anticipation of renewed US trade tensions under Trump
Reuters reported that China's exports have grown fastest since July 2022. The news outlet pointed out that Chinese factories were quickly moving inventory to overseas markets as Trump's sweeping victory raised tariff threats. Data reported by Reuters revealed that China's exports (+12.7%) and imports (-2.3%) recorded a better performance than the expected +5.2% on exports and -1.5% on imports.Cryptopolitan
Nov 7, 2024
Trump’s election victory makes French bettor $78.7M richer on Polymarket
Donald Trump’s victory in the US presidential elections earned a Polymarket bettor an estimated $78.7 million in profits, according to Chainalysis. The blockchain analytics platform noted that the French man known as Theo made handsome profits on his $38 million positions on a Trump victory. According to Chainalysis, Theo had more than the four accounts […]Cryptopolitan
Nov 7, 2024
What to expect in Gensler’s final days ahead of Trump’s pro-crypto admin
With Donald Trump’s US Presidential election win, SEC Chair Gary Gensler is expected to face intense scrutiny. However, the crypto community is watching closely and wondering if Gensler will press forward with enforcement actions or ease off in the few days before Trump walks into the White House. The President-elect is likely to choose a […]Cryptopolitan
Nov 7, 2024
How far is Wall Street from fully embracing Bitcoin now that Trump is president?
Well it happened. This is it, the moment we’ve all been waiting for; Bitcoin’s moment. Donald Trump won the election, pro-crypto Republicans are taking over the US Senate and House, and old school Wall Street skeptics are starting a 180. It has never been a better time for Bitcoin since its inception. Let’s get over […]Cryptopolitan
Nov 7, 2024
