Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
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
