U.S. Crypto Equities Soar as Bitcoin Reaches Record High Above $75,000
Bitcoin has reached a new record high of over $75,000, causing double-digit increases in U.S. crypto equities. MicroStrategy has also seen a 12% increase in pre-market trading, approaching a record high. Despite the U.S. election results, Bitcoin is predicted to come out as the winner. However, on election day, DOGE surged while Bitcoin ETFs lost $541 million and Mt. Gox moved $2.2 billion BTC. A U.S. recession signal has also been detected from the 10-year and 3-month yield spread. The analyst who wrote this piece owns shares in several crypto companies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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