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Markets are settling into holiday mode, with stock futures slightly down on the last full trading day before Christmas. Here’s where things stand today: * Nasdaq-100: +0.37% * S&P 500: +0.04% (flat) * Dow Jones: -0.22% On Friday, the S&P 500 rose 1.1%, recovering
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Government surveys that track the economy are failing. Budgets are shrinking, people are skipping surveys, and economic data we rely on is becoming less trustworthy. This is a big deal—because when the numbers are wrong, decisions that affect markets, businesses, and everyday life go wrong, too. Here’s what’
The S&P 500 Value Index just dropped 3.7%, marking its longest losing streak on record. Meanwhile, Bitcoin smashed past the $100,000 mark, and the Nasdaq climbed to 20,000. To me, it seems that value stocks have been left in the dust, and investors chasing bigger
Almost $10 billion has poured into Bitcoin ETFs since the US election, pushing Bitcoin past the $100,000 mark for the first time. The momentum is crazy, with Bitcoin posting its best winning streak since 2021. With investors pouring in, knowing the risks are more important than ever. Bitcoin’s
Bitcoin’s breaking records again, shooting past $82,000 right after the U.S. presidential election. While we're debating politics, Bitcoin was busy throwing itself a victory party
Here’s what’s going on: let’s get into why Bitcoin’s on this massive run after the election, what it means for investors, and how it’s affecting the whole crypto market.
Crypto in Command
Trump’s back in office, and Bitcoin’s taking off. Bitcoin just hit $82,000 for the first time, and people aren’t holding back.
Almost immediately after the election results, Bitcoin jumped 7%. It looks like investors are betting big on the new administration’s stance on crypto, hoping it’ll mean more freedom or better regulations for the market. And it’s not just Bitcoin. The entire crypto market is feeling the effects.
Here’s the last month performance of the major cryptos (Bitcoin, Ethereum, Solana, and Dogecoin):
Déjà Vu
This isn’t Bitcoin’s first time rallying after a U.S. election. If we look back at 2020, you’ll see a similar story. Bitcoin took off after the election too, rising over 145% in just three months! Back then, it wasn’t just politics—there were a bunch of factors, like institutions starting to get into crypto, and the general hype around it.
After the 2020 election, Bitcoin rallied 145%. Elections seemed to give Bitcoin a boost, but there was likely more to the story than just who's in office.
Bitcoin's Ripple Effect
Bitcoin’s rally isn’t happening in a bubble. Suprisingly, Bitcoin’s trading volume on Election Day hit a record high for 2024. People aren’t just watching; they’re putting their money in.
On Election Day, Bitcoin’s trading volume reached $572 million, the highest volume all year. Everyone seems to be getting in, big time.
Key Takeaways
- Election boosted Bitcoin past $82,000, showing strong market reaction
- Historical trend: Bitcoin rallied 145% after the 2020 election
- Ripple effect: Major altcoins saw gains alongside Bitcoin
- Record trading volume hit on Election Day 2024