12/11/2024 Evening Reports
New All-Time High: Bitcoin has surged to an incredible $89,599, marking a 32% jump since the U.S. election. Investors are placing big bets, speculating that the cryptocurrency could reach the $100,000 mark by year-end.
Trump’s Pro-Crypto Agenda Sparks Optimism: The President-elect’s promise of more crypto-friendly policies has ignited a buying frenzy, boosting market enthusiasm for both large and small digital tokens.
MicroStrategy’s Mega-Buy: Corporate crypto holder MicroStrategy just made headlines by adding 27,200 Bitcoin—worth nearly $2 billion—to its reserves, further driving institutional interest in digital assets.
ETFs & Institutional Demand: Interest in U.S.-dedicated Bitcoin ETFs and record-breaking CME futures show increasing engagement from big investors, setting a new standard in the crypto market.
“Beast Mode” Momentum: According to experts, Bitcoin’s rally is in “beast mode,” with investors wondering if there’s more room to climb or if a cool-off is due
Open A Live Account
CDO has wide range of tools, professional and friendly support for clients to achieve their financial markets trading goals. Open a live account now to enjoy this experience with virtual deposit.
US Stock Rally Slows on Valuation Concerns, Trump’s Cabinet Choices Stir Inflation Fears
After five days of gains, the S&P 500 rally appears to be losing momentum as concerns over high equity valuations and the composition of President-elect Donald Trump’s cabinet weigh on investor sentiment. Futures on the S&P 500 and Nasdaq 100 slipped around 0.2%, with Tesla Inc., a prime Trump-related trade, falling in premarket activity after recent post-election gains. Treasuries sold off, pushing the dollar to a one-year high, while Bitcoin approached $90,000.
Investors are wary of Trump’s potential trade and immigration policies, which could drive inflation and lead to higher bond yields—a trend that might challenge current stock valuations. The possibility of Senator Marco Rubio becoming Secretary of State and Representative Mike Waltz as National Security Advisor signals a tougher stance on China, as reflected in Hong Kong’s Hang Seng Index, which fell over 3%. European markets also declined, with the Stoxx 600 down 1.1%, as they remain vulnerable to Trump’s proposed tariffs.
CDO TRADER
CDO TRADER, our cutting-edge trading platform, follows the technology from the forefront with new features added continuously. Moreover, CDO TRADER is now available for Android and iOS! So it allows you to trade on the go!
