2024-12-24T16:40:09+0800

#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto To get the latest market news check out finance.yahoo.com Bitcoin (BTC-USD) touched new milestone on Wednesday — topping a record $93,000 before paring gains. Cryptocurrency has been at the center of the "Trump trade" following Donald Trump's White House win last week. Bitcoin has surged more than 30% since the election, frequently touching new daily records. Other cryptocurrencies also rose, including ethereum (ETH-USD), Solana (SOL-USD), and even meme coin doge (DOGE-US). Investors have flocked to bitcoin and other coins, assuming that Trump will follow through on his pro-crypto campaign promises. As Yahoo Finance's Josh Schafer points out, the president-elect has suggested appointing a crypto Presidential Advisory Council, firing SEC Chair Gary Gensler, and creating a "strategic national bitcoin stockpile." For more on this article, please visit: https://finance.yahoo.com/news/live/stock-market-today-tech-lags-as-inflation-print-keeps-fed-rate-cut-on-track-210122304.html