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Latest crypto news | Bitcoin once again hits an all-time high, becoming the ninth largest asset by market cap globally; Standard Chartered Bank: Bitcoin is expected to reach $0.125 million by the end of this year if Trump wins the election.
Bitcoin hits a new all-time high again, reaching $0.0756 million per unit, driving the global cryptocurrency market cap past $2.6 trillion, with Bitcoin's market cap at $1.495 trillion.
Trump's victory sparked a frenzy of rotation in US stocks: bank stocks soared, stock indices rose by more than 10%, energy stocks surged, and photovoltaic stocks collapsed.
Benefiting from expectations of relaxed financial regulation, major US banks such as Goldman Sachs, JPMorgan, and Morgan Stanley all rose by more than 10%; renewable energy stocks plummeted, with solar energy stocks like Sunrun falling by at least 10%; Bitcoin hitting a record high drove up the overall crypto concept stocks, with the largest US crypto exchange Coinbase closing up by 31%.
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USA Election: The overall situation is settled, what lies ahead?
Trump leads in all 7 swing states. The Republican Party controls the Senate and is highly likely to control the House of Representatives. Such a significant lead indicates a rightward shift in the American political spectrum, with Republican political influence rising. American society may once again shift from 'pursuing fairness' to 'pursuing efficiency.'
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