CandleFocus Historic highs: Dow breaks 44,000, S&P hits new peak, Bitcoin eyes six figures
2024-11-09
Author: Content Editor
The stock market saw record-breaking highs, with the Dow Jones, S&P 500, and Nasdaq all finishing the week at all-time highs. Investors are betting on Trump's pro-business agenda and are particularly interested in small-cap companies. The Federal Reserve's interest rate cut further fueled the market rally. Tesla, Axon Enterprises, and Trump Media all saw significant gains. Coinbase and Bitcoin also experienced strong growth, with Coinbase up 47% for the week and Bitcoin eyeing $100,000. Experts believe that Trump's presidency and regulatory shifts could drive Bitcoin to new highs. The upcoming halving event and favorable market conditions further support Bitcoin's potential climb. Tom Lee predicts that Bitcoin could reach six figures by the end of the year. The rally reflects investors' confidence in Bitcoin as a store of value in a troubled economy.
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