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Wall Street Rallies as Trump Wins Second Term, Crypto Market Cap Hits $2.5T

Wall Street Rallies as Trump Wins Second Term, Crypto Market Cap Hits $2.5T

CointimeCointime2024/11/07 16:11
By:Cointime

The federal funds rate is expected to decrease further following a surge in risk assets on Wall Street after Donald Trump was re-elected as president of the United States. Major indexes such as the S&P 500 and Nasdaq Composite, as well as cryptocurrencies, experienced significant gains. This was partly due to momentum-based hedge funds reducing their risk exposure in the face of uncertainty surrounding the election outcome.

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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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