The U.S. dollar surged to a four-month high on Tuesday as markets adjusted to the anticipated economic changes under the incoming Trump administration. Traders are also positioning for potential shifts in Federal Reserve policy, further fueling the dollar’s momentum. Trump Trade Fuels Dollar Rally Throughout the past week, the dollar experienced heightened demand as traders […]
Shiba Inu Proposal Aims to Transform the U.S. Through a New Blockchain Ecosystem
Shytoshi Kusama, the anonymous lead developer of the Shiba Inu network, has announced plans to propose a groundbreaking initiative to the new U.S. presidential administration under Donald Trump. The project involves creating a “Strategic Hub for Innovation and Blockchain” (S.H.I.B.) in a U.S. city, with the goal of positioning the United States as a global […]
Dollar Remains Strong Ahead of CPI and Fed; Euro Bearish
The U.S. dollar strengthened on Monday, maintaining the momentum generated by Donald Trump’s return to the presidency. Investors are eyeing key inflation data due for release this week, alongside remarks from several Federal Reserve officials. The dollar index, which measures the greenback’s performance against a basket of six other currencies, rose by approximately 0.3% in […]
Bitcoin Hits New High of $75,000 Following Trump’s Presidential Win
The leading cryptocurrency has reached a new all-time high near $75,000 as Donald Trump was confirmed as the winner of the U.S. presidential election. Trump was elected as the 47th president of the United States, marking a remarkable political comeback for the former president, who previously refused to accept defeat, incited an insurrection at the […]
Today’s Stocks to Watch: Tesla and Coinbase
Key points: Trump Media & Technology (DJT) Surges Trump Media & Technology (DJT) stock saw a sharp rally in pre-market trading, spurred by the announcement of Donald Trump’s re-election. The news boosted confidence in its social media platform. Tesla (TSLA) Rises Tesla rallied 12% ahead of the opening bell. Elon Musk’s company, which openly supported […]
Dollar Soars After Trump Victory, Euro, Pound, and Yen Strongly Retreat
The U.S. dollar surged on Wednesday, where it is poised to score its biggest one-day gain since March 2020, as Donald Trump moved closer to victory for the White House, while a Republican sweep in Congress looked possible. The dollar index, which tracks the greenback against a basket of six other currencies, rose 1.4% to […]
Cardano and Bitcoin: A Revolution in the Making?
In a recent YouTube “Ask Me Anything” (AMA), Charles Hoskinson, co-founder of Cardano (ADA) and Ethereum (ETH), surprised his audience by discussing a potential revolutionary integration between Cardano and Bitcoin (BTC). During the November 2 event, Hoskinson reflected on the possibility of establishing a “trustless bridge” between the two networks, enabling unprecedented interoperability. Hoskinson noted […]
Dollar Slips as U.S. Elections Loom, Uncertainty Prevails
The U.S. dollar dipped slightly on Tuesday as it approached a closely contested presidential election, the outcome of which could lead to significant market moves. The Dollar Index, which tracks the greenback against a basket of six currencies, fell 0.1% after declining overnight to its lowest since October 21, contrasting with last week’s highs, the highest […]
Ripple Prepares Largest XRP Sale in Seven Years
November has arrived, and Ripple is stirring the market as it prepares for what could be its largest monthly XRP sale in seven years. Ripple, the lead developer of XRP Ledger (XRP) and its largest investor, has set aside 470 million XRP for sale, valued at approximately $240 million. Since 2017, Ripple has been unlocking 1 […]
Market Highlights for the Week: Elections, Fed, and Earnings
This week is set to keep investors on edge, with a closely contested U.S. presidential election and a Federal Reserve meeting that could bring another rate cut. Here’s what to watch for in the markets in the coming days. U.S. Elections Tuesday is Election Day, with early voting already underway in a very tight race between […]