The largest and best-known cryptocurrency in the world, Bitcoin, is currently trading at $85,711. Given this, the Argentine Certificates of Deposit (cedars) that are linked to cryptocurrencies fly up to 25%.
Bitcoin more than doubled its value from its low of the year in US$38,505 and is currently quoting US$85,711. It is that during the campaign, Trump promised to turn the United States into the “crypto capital of the planet” and amass a national reserve of Bitcoins.
In this framework there are companies that are listed in the local market that fly up to 25%, as is the case of Riot Gamesa video game developer and publisher, followed by Coinbasea San Francisco-based cryptocurrency trading platform that climbs 23% and Microstrategya software company that advances 21%.
It is also advancing strongly Bitfarmsa leading global mining company Bitcoinwhich grows 20%.
Wall Street continues celebrating
Wall Street’s main indices hit all-time highs on Mondayextending post-election gains, awaiting the next batch of economic data that could decide whether the equity rally can be sustained.
Several stocks that rose after the results of the US elections continued their upward trajectory.
Tesla climbed 6.7% after reaching $1 trillion in market value on Friday for the first time since 2022. The electric vehicle maker supported consumer discretionary stocks, with the sector at all-time highs and up 1.3% on Monday.
The Industrial Average Dow Jones It gained 390.08 points, or 0.89%, to 44,379.07 units. He S&P 500 it added 13.36 points, or 0.22%, to 6,008.90 units; and the Nasdaq Composite It lost 1.11 points, or 0.01%, to 19,285.66 units.
The Nasdaq fell after reaching an all-time high, weighed down by large-cap values.
Financial actions, such as Goldman Sachs and JPMorgan Chaserose 2.7% and 1.5%, respectively. The regional bank index rose 2.4%. Financial firms were the biggest drivers of the Dow.
The small-cap Russell 2000 rose 1%, trading at its highest level since Novemberas the sector is expected to be a key beneficiary of President-elect Donald Trump’s proposed tax cuts and expectations of a more lax regulatory environment.
Wall Street’s three main indexes soared the previous week, when Trump regained the White House. The S&P 500 briefly surpassed the 6,000-point barrier on Friday and the Dow Jones touched 44,000 points for the first time.
“This is largely a continuation of a post-election relief rally”said Art Hogan, chief market strategist at B Riley Wealth. “The second piece of the puzzle is for the Fed to cut rates again.”
The US Federal Reserve cut interest rates by 25 basis points last week, as expectedand investors see a 65.1% chance of the same move at its December meeting, according to CME FedWatch.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
