Investors are also focused on a US central bank rate decision and a key announcement on the Chinese economy.

Summary

The U.S. dollar surged 1.5% and Bitcoin hit a record high after Donald Trump’s projected election victory, as markets anticipate pro-business policies, tax cuts, and inflationary pressures.

Global stocks also rose, with Japan’s Nikkei up 2.6% and Australia’s ASX 200 up 0.8%. Trump’s plans to make the U.S. a “cryptocurrency capital” and potentially increase trade tariffs, especially on China, are fueling market reactions.

Investors are now awaiting the U.S. Federal Reserve’s interest rate decision and China’s economic strategy announcement, as uncertainty looms over global trade and inflation.

  • @Soup
    2•15 hours ago

    “Both sides both sides”

    Hey, bud, your opinion is trash and you can shut the hell up literally any time. It’s free!

    There could have been a crash in both situations but if they go through with what they promised the “worse” won’t begin to describe it.