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this post was submitted on 04 Nov 2024
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Bitcoin peaks as Trump is elected
(Article encrypted in Finnish, see spoiler for translation)
lightly fixed machine translation
The cryptocurrency Bitcoin climbed to a new high record on Wednesday as Republican Donald Trump seemed to be taking the lead in the US presidential election. Bitcoin went up by almost $6,000 and traded above $75,000. The previous record from March, when the rate settled slightly below $73,800?Trump has previously branded cryptocurrencies a scam, but he changed his line and during his campaign has praised them and promised to make the United States the world's centers for bitcoin and cryptocurrencies.
“The price of Bitcoin has followed Trump’s position in opinion polls and the betting market. Investors estimate that the victory of the Republicans would increase the demand for digital currencies", says Russ Mold, an analyst at the financial company AJ Bell, to the AFP news agency.
In the United States, the stock exchanges in New York were on the plus side at the end of the trading day on Tuesday after the previous day's declines.
The technology-focused Nasdaq closed up by a percent 1.4, while the more general S&P 500 was up 1.2 percent. The Industrial-oriented Dow Jones, on the other hand, ended the day with a 1.0 percent increase.
The dollar is initially weakened against the euro, but began to rise in Asian markets against both the euro and the Japanese yen as Trump's lead. Stock exchange rates were also rising in various parts of Asia. In Tokyo, the Nikkei 225 index ended by a percent 2.4.
The presidential race is a struggle between Democrats Kamala Harris and Republican Trump.
Trump has proposed a combination of low corporate tax rates and looser regulation that would be boosted by corporate profits and tighten the stock market, experts told ABC News.
Dry heaving at the shameless public fellatio Trump performed on Musk in his speech.