According to the Financial Times, a group of crypto-focused hedge funds have made a killing in recent weeks as Trump's victory in the presidential election has propelled bitcoin through a strong rally and above the $100,000 mark. Funds employing crypto strategies posted a 46% gain in November, bringing their year-to-date return to 76%, according to Hedge Fund Research. HFR said hedge funds have outperformed the industry, with the average hedge fund returning 10% in the first 11 months of the yea...
Former New York Fed President Bill Dudley says bitcoin prices have risen more than 40 percent since Trump won the US Presidential Election, in part because people hoped he would support the creation of the cryptocurrency.
According to Bloomberg, Bitcoin has set a record for the longest losing streak since Trump won the US election. As of Monday, Bitcoin has lost about 6% for three consecutive days. Since the November 5th election day, the total market capitalization of the cryptocurrency market has increased by 1 trillion US dollars, but the growth is currently stagnant. IG Australia analyst Tony Sycamore believes that the pullback is mainly to eliminate overbought conditions, not a trend reversal. Independent Re...
"Congratulations to Trump on winning the US presidential election," said Solomon, chief executive of Goldman Sachs. "The new administration will bring about policy changes that could be critical for businesses and clients."
After Musk-backed Trump won the US Presidential Election, Tesla (TSLA. O) closed up 14.75% in the United States on Wednesday. According to Forbes rich list data, Tesla's surge made the company's founder and CEO Musk's net worth increase by $20.90 billion in a single day, with total assets reaching $285.60 billion, far exceeding Jeff Bezos, who ranks second on the world's richest list.
Trump won the 2024 US election, Tesla's US stock market rose more than 12%, and Trump Media Technology Group soared 58%.
According to the Associated Press, Trump is expected to win Utah and Montana.
According to the Associated Press, Trump is expected to win Utah and Montana, and Harris is expected to win Colorado.
According to NBC News, Trump is expected to win Kansas.
According to the Associated Press, Trump is expected to win Arkansas (6 electoral votes) and Harris will win New Jersey (14 electoral votes).
Based on current prices and the potential impact of Donald Trump winning the US presidential election, Geoff Kendrick of Standard Chartered predicts that by the end of 2025, the price of Solana could rise fivefold, Ethereum could quadruple, and Bitcoin could triple in value. He also said that if Kamala Harris were elected president, he expected Bitcoin to outperform Ethereum, which in turn would outperform Solana. He added: "In dollar terms, if Kamala Harris is elected president, I...