2024

Donald Trump

Gains

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/donald-trump-gains-advantage-in-the-2024-presidential-election/" data-wpel-link="internal">Donald Trump Gains Advantage in the 2024 Presidential Election</a> 
As the vote counting continues in the 2024 U.S. presidential election, Donald Trump has gained a significant advantage in the race. More than half of the votes from key states, including Arizona, Michigan, Nevada, and Wisconsin, have been counted. In all these states, Trump is observed to be leading, making it increasingly likely that he will become the 47th President of the United States. 
<h2 style="text-align: justify" id="strong-u-s-dollar-appreciates-bond-yields-rise-strong">U.S. Dollar Appreciates, Bond Yields Rise</h2> 
As Trump’s winning probability strengthens throughout the election process, the U.S. dollar has reached its highest level since July, appreciating by 1.2%. During this period, the yield on 10-year U.S. Treasury bonds rose by 15 basis points, while the 2-year yield increased by 8 basis points. Analysts attribute these increases to market expectations of accelerated economic growth and Trump’s anticipated policies involving higher public spending. 
Although Trump’s “friendly” economic policies may reduce the likelihood of interest rate cuts, the market expects one rate cut this year and three next year. This expectation for interest rate cuts is keeping the markets active. 
<h2 style="text-align: justify" id="strong-bitcoin-surges-exceeds-75-500-strong">Bitcoin Surges: Exceeds $75,500</h2> 
In the <a href="https://en.coin-turk.com/bitcoin-price-drop-and-upcoming-crypto-events/" data-wpel-link="internal"></a><a href="https://en.coin-turk.com/justin-sun-announces-major-burn-of-huobi-token-ht/" data-wpel-link="internal">cryptocurrency</a> market, Bitcoin (BTC) has set a new record, rising to $75,700 early today. The largest cryptocurrency surpassed its previous record of $73,500 set in March, during which it traded within a narrow range below $70,000. As of the time of writing this report, Bitcoin is trading at $73,745, reflecting a 7.15% increase in the last 24 hours. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-404121" src="https://coin-turk.com/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2.jpeg" alt="" width="909" height="606"> 
Bitcoin has witnessed its third U.S. presidential election since its inception in 2009. Interestingly, the leading cryptocurrency has reached new peaks after each election without falling back to previous levels. Analysts from QCP Capital expect this positive sentiment in both the cryptocurrency and traditional markets to persist as 2025 approaches, predicting continued upward trends. 
Currently, market reactions are being closely monitored as election results become clearer and the presidential transition solidifies. 
The post <a href="https://en.coin-turk.com/donald-trump-gains-advantage-in-the-2024-presidential-election/" data-wpel-link="internal">Donald Trump Gains Advantage in the 2024 Presidential Election</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Donald Trump Gains Advantage in the 2024 Presidential Election

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