Asian Markets Rally and Bitcoin Soars Ahead of Trump Inauguration

Asian Markets Rally and Bitcoin Soars Ahead of Trump Inauguration

1 minute read
Updated 15 hours ago

Market Movements

Asian shares saw significant gains, with 's climbing 1.2% and ’s Hang Seng jumping 1.8%, driven by optimistic sentiments and the anticipation of President-elect 's inauguration.

Bitcoin hit a record high of $109,134, reflecting a surge in cryptocurrency values since Trump's election, as investors bet on his favorable stance towards such assets.

Global Financial Landscape

European stock benchmarks also advanced, with Britain's and 's recording modest increases. Meanwhile, futures for the and were up 0.1%.

The dollar weakened against the Japanese yen ahead of 's central bank's monetary policy meeting, with expectations of a possible interest rate hike. The euro appreciated against the dollar, indicating shifting investor sentiments.
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