Pro-Crypto Donald Trump won the US presidential election over four months ago, and since then the period has been characterized by turbulence and global uncertainties about the financial market and global uncertainties around customs, geopolitical tensions and ongoing conflicts in the Middle East and between Ukraine and Russia.
Bitcoin (BTC) has risen over 23% since the November 5 election and reached a highlight of over $ 109K in late January. Despite a subsequent fall of 30% from its peak, it is still one of the best priesting assets. Strategy (Mstr), often considered a Bitcoin -Proxy, has achieved 34%, which has recovered well under the Trump administration despite the fact that he previously fell about 60% from his heights in November.
Ethereums ether -token (Eth) has fallen by as much as 18%along with disappointing action in the wider crypto market. Valkyrie Bitcoin Mining Etf has also fought and lost almost 30%. Meanwhile, investors have turned money into BTC and pushed its dominance frequency higher by 2% to over 61.
European shares have done well and exceeded their American colleagues. The German DAX index is up 20%, and the UK’s FTSE 100 has got 6%together with weaker notions in the US stock market, where NASDAQ and S&P 500 are both down approx. 2%. A recent report from Bank of America highlights a record drop in US share distributions. Gold that benefits from uncertainty has continued to set new heights at all times and exceed $ 3,030-one increase of 11%.
The US Dollar Index (DXY) that measures the dollar’s strength against a basket of larger currencies remains flat. However, the dollar under Trump is significantly weakened and gives some exemption from risk assets and larger currencies such as the euro and the big British pound.
Meanwhile, the US 10-year state school yield has fallen to 4.2%, a key metrics that the administration is closely monitoring. Oil prices have fallen by about 7%as the United States maintains its attitude towards energy tomans to reduce energy costs.
In particular, some of the so -called “magnificent 7” stocks fought, with Nvidia (NVDA) down 16% and Tesla (TSLA) declining 6%.
Detox in progress?
The latest losses on Wall Street and in the crypto market have ignited hope of “Trump Put” or potential political support. However, the administration seems willing to endure short-term pain to long-term benefits, believing that this approach will clean the markets of the tax expenses that exceed the Biden era.
This reset is expected to be characterized lower inflation, improved energy security and a lower 10-year treasury outcome.
“Scott Bessents talk about a” detox period “suggests that a controlled downturn may be ahead. If so, Trump’s Playbook seems clear: Guy the recession on the bite, use tariffs and crypto narratives to control costs and push to lower interest rates to fuel for fuel and AI growth. of Bitget, said in an emails. This week.
“Either way, I don’t see BTC fall below 70k, possibly 73-78K, which is a solid time to get in for any buyers on the fence. For the next 1-2 years, BTC at 200k is not as long-term as most would think,” Chen added.
