Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
South Korea GDP Surges on Chip and AI Boom 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
Gold Prices Steady Ahead of U.S. Inflation Data and Fed Decision 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
China Inflation Accelerates in August as CPI, PPI Rise 
Fitch Eyes Japan Budget for Fiscal Discipline 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Gold Prices Rise as Yen Rally Weakens Dollar 
Asian Stocks Mixed as Korean Chipmakers Rally 
Asian Stocks Fall as Oil Tops $100, Yields Rise 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Asian Currencies Steady as Yen Holds Firm, Oil Tops $100 
ECB Rate Hike in Focus as Oil Tops $100 
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Bitcoin Hits Record High as Trump Victory Sparks Optimism for Crypto-Friendly Policies
Bitcoin Surges Beyond $81,000 Amid Market Optimism
On Sunday evening, Bitcoin reached an unprecedented high of $81,373.5, marking a significant milestone for the cryptocurrency market. This latest surge comes as a reaction to Donald Trump’s recent presidential election victory, which has raised hopes for crypto-favorable regulations in the United States. By 18:16 ET (23:15 GMT), Bitcoin settled around $80,362.9 after a near 6% spike, bolstering its bullish momentum.
Trump’s Win Boosts Market Sentiment
Trump’s campaign promise to establish the U.S. as a global “crypto capital” has fueled strong investor optimism. His election has intensified interest in the cryptocurrency sector, contributing to a robust 10% increase in Bitcoin’s price over the past week. Year-to-date, Bitcoin is up an astounding 91%, a rally that reflects growing institutional interest and public support for cryptocurrency.
Ethereum Also on the Rise
Ethereum (ETH), the world’s second-largest cryptocurrency, joined the upward trend, rising 1.8% to $3,190.0—its highest level in three months. The combined performance of Bitcoin and Ethereum signals a positive outlook for broader cryptocurrency markets, buoyed by regulatory anticipation and increased mainstream adoption.
For further reading, you can check out the following sources:
- Bitcoin Surges to All-Time High After U.S. Election
- How Trump’s Victory Could Impact Cryptocurrency Regulations
- Ethereum Joins Bitcoin in Bullish Momentum Following U.S. Election Results
