US Election Spurs Surge in Stocks and Crypto: Market Reactions
The US election caused major shifts in financial markets on Wednesday. Donald Trump’s win pushed Bitcoin to $75,255, a new record high. Stocks and other cryptocurrencies also rose sharply. Trump’s support for crypto and pledge to make the US a “Bitcoin superpower” led to a 10% rise in digital assets. “Crypto investors had been eagerly awaiting the presidential election for months, convinced that a victory for the former President Donald Trump would be good for Bitcoin and other digital assets.”
Also Read: Donald Trump Wins 2024 Presidential Election
How Trump’s Victory Impacts Stocks, Crypto, and Market Dynamic
Stock Markets Rally on Election Results
Stock futures moved up strongly. The S&P 500 rose 1.1%, and…
