According to Politico, U.S. Senate Democrats are circulating a memo alleging that President-elect Trump's nominee for Treasury secretary, Scott Bessent, improperly declared nearly $2 million in lost tax revenue and owed nearly $1 million in taxes related to his hedge fund. This provides them with ready ammunition, as Bessent will appear before the Treasury Committee on Thursday for a hearing. (Kim Ten)
In 2024, gold rose by more than 27%, and the US index hit a two-year high! Musk once triggered a 126,000% rise in related tokens, and Russia has interrupted the supply of natural gas to Europe through Ukraine. What major events happened around the world last night and this morning?
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...
Bitcoin has reached a new all-time high, reaching a high of $93,844 per coin, up more than 3% in the day.
The Dow hit an all-time intraday high and is up 0.1%.
The Nasdaq China Golden Dragon index rose more than 9 percent to a four-month high.
Bitcoin posted its biggest intraday gain in more than a month on Tuesday as the prospect of a Federal Reserve rate cut is expected to boost demand for speculative assets. Bitcoin rose as much as 6.4% to $61,337, its biggest intraday gain since August 8. Smaller cryptocurrencies such as Ethereum, Dogecoin and Solana also moved higher. Swap market pricing suggests the Fed will cut interest rates by at least 25 basis points on Wednesday, with a probability of a 50 basis point cut around 55%. "I thi...
Indonesia's stock index rose to a record high of 7702.41, up 0.6%.
Mitsubishi UFJ Bank's decline widened to 21%, and its share price hit a record low.
NVIDIA (NVDA. O) added $329 billion to its market value, the largest single-day increase in the market value of a single stock.
Treasury bonds continued to rise, with 5- and 10-year Treasury yields hitting their lowest levels since March.
Gold prices hit another all-time high as hopes for a cut in interest rates from the Federal Reserve mounted and some traders ramped up their bets on Mr. Trump's re-election as US president. Spot gold briefly hit $2451.44 an ounce, breaking a previous high set at the end of May. Signs of slowing US inflation have fuelled speculation that the Fed will soon start cutting interest rates. Investors across markets are also weighing the chances of Mr. Trump returning to the White House as his campaign ...
The euro rose to a record 173.76 against the yen.