bbc.com

Stock Market Soars and Bitcoin Hits New High Following Trump’s Re-election

In a significant market response to Donald Trump’s historic re-election, US shares have reached record levels while the dollar experienced its most substantial gain in eight years. Bitcoin soared to an all-time high of $75,371.69, driven by Trump’s promise to support cryptocurrency, contrasting sharply with the previous administration’s stance. Despite these gains, financial markets are bracing for potential economic turbulence due to Trump’s plans for higher tariffs and tax cuts, which may spur inflation and impact global trade relationships. Analysts caution that these moves could induce broader economic uncertainty.

Source

LEAVE A RESPONSE