Connect with us

Hi, what are you looking for?

Economy

‘Trump trade’ returns for second week as bitcoin, Tesla, stocks surge

Cryptocurrencies and stocks, including Tesla, rallied Monday, picking up where they left off last week in the wake of the President-elect Donald Trump’s victory.

The price of bitcoin hit an all-time high of more than $88,000, a rally that started shortly after Trump was declared the winner of the election. That’s up from $68,000 — a gain of 27% — just since last Tuesday, Election Day in the U.S.

Year to date, the price of bitcoin has nearly doubled.

This post appeared first on NBC NEWS

    You May Also Like

    Editor's Pick

    Protesters in Brussels participate in the Walk for Your Future climate march ahead of COP27. United Nations climate conferences typically reach their peak just...

    Editor's Pick

    Entrepreneurs are transforming the way society makes and distributes valuable things. There will be (and already are) important consequences for the way we work...

    Editor's Pick

    In Risky Business: Why Insurance Markets Fail and What to Do About It (Yale University Press, 2023), economists Liran Einav (Stanford), Amy Finkelstein (MIT),...

    Editor's Pick

    When you think about “voter suppression,” you probably think about the kinds of restrictions that disenfranchised Black voters who lived under Jim Crow. Maybe...

    Disclaimer: economyinnovationsexpert.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 economyinnovationsexpert.com