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U.S. stocks hit new highs, Bitcoin surpasses $89,000 amid "Trump trade" frenzy.
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IntroductionOvernight, U.S. stocks extended their rally, with the S&P 500 index reaching a historic high, cl ...
Overnight,MT4 good foreign exchange dealer U.S. stocks extended their rally, with the S&P 500 index reaching a historic high, closing above the 6000-point mark for the first time. The Nasdaq and Dow Jones indexes also performed strongly. Bitcoin soared to $89,000 at one point, marking a record high, as market enthusiasm for the "Trump trade" remained unabated. With expectations that the new U.S. administration will adopt tax cuts and crypto-friendly policies, investors continued to increase their holdings in Bitcoin and cryptocurrency-related stocks, with companies like Canaan Technology and crypto tech firm MicroStrategy both gaining over 20%.
Economically sensitive sectors in the U.S. stock market performed excellently, with the small-cap index climbing to a three-year high. The S&P bank index rose 2.4%, and energy and data analytics companies have more than doubled in value since being included in the S&P 500 index this year, actively contributing to the overall increase of the S&P 500 index. Meanwhile, large technology stocks showed mixed performance, but some electric vehicle stocks experienced significant gains under the "Trump trade" enthusiasm.
In the international market, the dollar index rose to a four-month high, putting pressure on other currencies. Global markets are closely watching the upcoming economic policy adjustments in the U.S., and are monitoring whether the Federal Reserve will adjust interest rate policies as a result. The strong performance of Bitcoin and Ethereum has pushed the global cryptocurrency market capitalization to a record high, with the market share of cryptocurrencies continuing to rise.
Meanwhile, prices of commodities like gold and crude oil fell due to the strengthening dollar, with gold losing recent support levels under the pressure of a high-position correction, and the industrial metals market experiencing a broad decline. Energy futures prices also closed lower. The strong rebound in the U.S. market and the anticipated policies of the incoming government have become the focus of global investors' attention.


The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
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