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Trump rings the opening bell for the NYSE: The stock market is everything, and significant actions will be taken regarding Cryptos.
On Thursday, Donald Trump rang the opening bell at the NYSE. He emphasized the importance of the stock market, stating that the stock market is everything, and plans to take significant actions regarding Cryptos, lower the corporate tax rate to 15%, and increase Petroleum Extraction to alleviate the current inflationary pressures.
Breaking news! Ukraine will "legalize" Bitcoin in 2025, and Argentina plans to allow free Trade of Bitcoin.
The Ukrainian government has announced that it expects to officially legalize Cryptos in the first quarter of 2025. Argentine President Milei has previewed a plan to implement free currency circulation in 2025, allowing people in the country to freely choose their currency for Trade, including Bitcoin.
The world's largest asset management firm Blackrock considers that having 2% of Bitcoin in an asset portfolio is "reasonable."
Blackrock stated that Bitcoin cannot be compared to traditional Assets, and the "seven giants" of U.S. stocks can serve as a reference. Generally, each of the seven Stocks accounts for about 1-2% of the overall investment portfolio, and exceeding this range significantly increases the risk proportion. In the long run, Bitcoin may become less risky, and investors might use it to hedge against specific risks, similar to Gold.
Daily Digital Currency Update Summary (2024-12-13)
Republican state legislator Giovanni Capriglione from Texas, USA, proposed legislation on Thursday aimed at establishing a Global Strategy Bitcoin reserve.
The Texas House of Representatives has proposed a bill to establish a Global Strategy for Bitcoin reserves, which may usher in a stronger "policy tailwind" for Bitcoin.
According to foreign media reports, Texas has proposed a bill to establish its own Global Strategy Bitcoin reserve. If passed, this initiative will make the state a pioneer in Cryptos adoption and financial innovation.
"Person of the Year" Trump rings the opening bell at the NYSE, emphasizing that "the stock market is everything."
On December 12, the elected President Trump was named Time Magazine's Person of the Year for 2024, ringing the opening bell at the NYSE that day; Trump rang the bell with the CEO of ICE and the CEO of Time Magazine, along with the president of the NYSE, while the CEOs of companies such as Goldman Sachs and Citigroup were present; Trump promised an "unprecedented economy," planned to increase oil drilling to reduce inflation, and committed to lowering the corporate tax rate to 15%.
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Trump rings the opening bell for the NYSE: the stock market is everything, and there will be a big push in the Cryptos field.
Trump seized this opportunity to make a new round of tax cut promises, and also promised to "make significant moves in the Cryptos sector."
Options Corner: Turn Coinbase's Volatility Into Opportunity With Long Iron Condors
Coinbase Options Spot-On: On December 12th, 221.04K Contracts Were Traded, With 1.31 Million Open Interest
On December 12th ET, $Coinbase(COIN.US)$ had active options trading, with a total trading volume of 221.04K options for the day, of which put options accounted for 27.61% of the total transactions,
Top Cryptocurrencies Mixed; Bitcoin Hovers Around $100,000
Josh Brown Unveils The 'Degen Dow,' A Basket Of 30 Retail Darlings Spanning All 'Major Degen Food Groups'
Elon Musk, Vivek Ramaswamy Slam SEC: 'Just Another Weaponized Institution'
Cathie Wood's ARKK Gets a 30% Trump Bump, but Outflows Persist and Top $3 Billion in 2024
Unusual Options Activity: CRDO, HIMS and Others Attract Market Bets, CRDO V/OI Ratio Reaches 105.2
EST Dec 12th Afternoon Delivery - In the last two hours of trading, 7 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options
Coinbase Global, Inc. (COIN) Is Up 16.01% in One Week: What You Should Know
Decoding Coinbase Glb's Options Activity: What's the Big Picture?
US stocks fluctuate | Cryptos Concept stocks rise as Trump announces significant action on Cryptos.
On Thursday, some Cryptos Concept stocks rose.
Express News | Trump rang the bell at the NYSE, claiming he will do great things in the Cryptos field.
Regulatory obstacles for Cryptos are expected to be removed, yet still difficult to please Bank of America bankers.
At this week's Reuters NEXT conference held in New York, bankers from Bank of America expressed a cautious attitude towards Cryptos, even though the market generally expects that under the leadership of incoming President Trump, friendlier regulations will pave the way for lending Institutions to expand into the realm of Digital Assets.