US Election Results Boost Risky Assets:
– US election results led to a boost in risky assets, with bitcoin (BTC) and many stocks reaching new highs. – Bitcoin reached a new peak at $76,500 after the official results announcement. – Most altcoins increased by more than 15%, with the total cryptocurrency market reaching $2.53 trillion.
Institutional Investor Confirmation:
– Institutional investors also supported the rise in cryptocurrencies. – Spot Bitcoin ETFs hit new record volumes, with $4.1 billion in trading volume on November 6. Stock Market Indexes Reach All-Time Highs:
– The S&P 550 stock index reached a new all-time high on November 6, closing above 5,900 for the first time this year.
– The Nasdaq 100 outperformed the S&P 500, rising 2.75%, also setting a new historical high. – The Dow Jones Industrial Average (DJIA) gained 3.6%, setting a new historical high as well. Overall, the US election results had a positive impact on risky assets, with cryptocurrency and stock markets experiencing significant growth.
