What is the Bitcoin Global Strategy reserve that Trump refers to when discussing the USA? How will it operate?
After the incoming president Trump of the USA reiterated the plan to establish a Bitcoin strategic reserve, Bitcoin set a new historical high of over $107,000 on Monday, sparking enthusiasm among the Cryptos bulls.
Will the Federal Reserve decide to cut interest rates this week? Trump reiterated that the Global Strategy of BTC reserves boosts new highs.
This week is the super central bank week, with the market expecting nearly a 100% probability of a rate cut in this Federal Reserve interest rate decision. A number of economic data will be released intensively, and more interconnected performances are expected. The intraday increase is mainly influenced by Trump's renewed proposal to establish a Bitcoin Global Strategy reserve.
US Stocks End Higher Ahead Of Fed Decision, Bitcoin Hits New High
U.S. stock market closing | The three major indexes had mixed results, with the Nasdaq increasing over 1% to reach a new high, while the Dow Jones fell for the eighth consecutive day; Broadcom surged over 11%, and Tesla rose over 6%, both reaching histori
The Dow Jones Industrial Average has recorded its longest losing streak since 2018; NVIDIA fell over 1%, marking its third consecutive decline; MicroStrategy, which was added to the Nasdaq 100 index, surged over 7% intraday before reversing to a loss, and Super Micro Computer, which was removed from the index, closed down over 8%. Chinese concept stocks fell over 2%.
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On December 16th ET, $Riot Platforms(RIOT.US)$ had active options trading, with a total trading volume of 398.38K options for the day, of which put options accounted for 29.22% of the total
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