Published: Nov 08, 2024, 05:45 IST | Updated: Nov 08, 2024, 05:45 IST
World Business Watch Nov 08, 2024, 05:45 IST
Bitcoin's 'trump' Card Suggests New Milestones Beyond Latest Highs
Pro-cryptoTrump's win boosted bitcoin to a fresh record of over 75,000 dollars. And if the bets in the futures market are anything to go by, the top token's record-breaking run has just about started. Gold, on the other hand, crashed in a knee-jerk reaction to 'Trump 2.0' as the dollar marked its best run since march 2020. However, the yellow metal's appeal is still at play, with geopolitical tensions and Trump's trade and foreign policy expected to drive risk-off bets.