Jerry Lin
The Latest
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Bitcoin Hits Record High Above $93,000 as Traders Assess Inflation and Postelection Gains
Bitcoin soared to a record high of over $93,000 on Wednesday as investors assessed new inflation data and postelection market dynamics. The flagship cryptocurrency traded as high as $93,469.08 before settling slightly lower, marking a more than 3% gain on the day and solidifying its status as a leading asset in the ongoing risk rally. This recent surge comes in the wake of October's consumer price index (CPI) report, which revealed a 0.2% monthly increase and a 12-month inflation rate of 2.6%, aligning with market expectations. 
Bitcoin soared to a record high of over $93,000 on Wednesday as investors assessed new inflation data and postelection market dynamics. The flagship cryptocurrency traded as high as $93,469.08 before settling slightly lower, marking a more than 3% gain on the day and solidifying its status as a leading asset in the ongoing risk rally. This recent surge comes in the wake of October's consumer price index (CPI) report, which revealed a 0.2% monthly increase and a 12-month inflation rate of 2.6%, aligning with market expectations. -
U.S. Inflation Rate Rises to 2.6% in October, Housing and Core Prices Climb
Inflation in the United States picked up slightly in October, rising to an annual rate of 2.6%, according to data released by the Bureau of Labor Statistics (BLS) on Wednesday. The increase, driven primarily by a rise in housing costs, was in line with Wall Street expectations. The consumer price index (CPI) showed a monthly increase of 0.2%, while core inflation, which excludes volatile food and energy prices, rose by 0.3% for the month, bringing the annual core rate to 3.3%. 
Inflation in the United States picked up slightly in October, rising to an annual rate of 2.6%, according to data released by the Bureau of Labor Statistics (BLS) on Wednesday. The increase, driven primarily by a rise in housing costs, was in line with Wall Street expectations. The consumer price index (CPI) showed a monthly increase of 0.2%, while core inflation, which excludes volatile food and energy prices, rose by 0.3% for the month, bringing the annual core rate to 3.3%. -
'Trump 2.0': Why Bitcoin Soars While Gold Drops
The "Trump trade" continues to heat up, with Bitcoin emerging as the big winner. On Monday, Bitcoin surged past $88,000, spiking more than 11% in a single day. Trading volumes for Bitcoin ETFs also skyrocketed, fueling growing confidence in the cryptocurrency market. Many investors are betting that this rally is just the beginning and could continue until Trump's inauguration. 
The "Trump trade" continues to heat up, with Bitcoin emerging as the big winner. On Monday, Bitcoin surged past $88,000, spiking more than 11% in a single day. Trading volumes for Bitcoin ETFs also skyrocketed, fueling growing confidence in the cryptocurrency market. Many investors are betting that this rally is just the beginning and could continue until Trump's inauguration. -
Bitcoin, Tesla, and the Dollar Surge as Investors Go All In on the 'Trump Trade'
The "Trump trade" has sparked a new surge in the markets, with Bitcoin reaching an all-time high of $88,000 for the first time, Tesla stock rebounding 39% since Election Day, and the dollar rising to a four-month high. 
The "Trump trade" has sparked a new surge in the markets, with Bitcoin reaching an all-time high of $88,000 for the first time, Tesla stock rebounding 39% since Election Day, and the dollar rising to a four-month high. -
Gold Prices Slide Over 2% as Dollar Strengthens Amid Post-Trump Election Turbulence
Gold prices plummeted over 2% on Monday as the U.S. dollar surged, reflecting investor sentiment following President-elect Donald Trump's victory in the 2024 election and the potential implications for Federal Reserve policy. Spot gold dropped 2.3% to $2,666.48 per ounce, while U.S. gold futures fell by 2.42% to $2,629.40. The strengthening dollar, which rose to its highest level since early July, made gold less attractive for international buyers, contributing to the sharp decline. 
Gold prices plummeted over 2% on Monday as the U.S. dollar surged, reflecting investor sentiment following President-elect Donald Trump's victory in the 2024 election and the potential implications for Federal Reserve policy. Spot gold dropped 2.3% to $2,666.48 per ounce, while U.S. gold futures fell by 2.42% to $2,629.40. The strengthening dollar, which rose to its highest level since early July, made gold less attractive for international buyers, contributing to the sharp decline. -
China’s Trade Surplus Nears Record $1 Trillion as Global Pushback Mounts
China's trade surplus is on track to reach nearly $1 trillion this year, positioning it for a record milestone even as it faces mounting pressure from major global economies. The widening gap between Chinese exports and imports, which reached $785 billion in the first 10 months of 2024, marks a 16% increase from the previous year, according to recently released data. 
China's trade surplus is on track to reach nearly $1 trillion this year, positioning it for a record milestone even as it faces mounting pressure from major global economies. The widening gap between Chinese exports and imports, which reached $785 billion in the first 10 months of 2024, marks a 16% increase from the previous year, according to recently released data. -
Bitcoin Soars Past $82,000 as Trump's Win Sparks Crypto Optimism
Bitcoin's remarkable rally continued on Monday, surging past $82,000 for the first time, driven by optimism around a pro-crypto environment in the wake of Donald Trump's return to the White House. The original cryptocurrency's rise has been fueled by a wave of investor confidence and expectations for more favorable regulatory treatment, as signaled by key appointments and statements from the president-elect. 
Bitcoin's remarkable rally continued on Monday, surging past $82,000 for the first time, driven by optimism around a pro-crypto environment in the wake of Donald Trump's return to the White House. The original cryptocurrency's rise has been fueled by a wave of investor confidence and expectations for more favorable regulatory treatment, as signaled by key appointments and statements from the president-elect. -
Bitcoin Surges Past $81,000 as Trump’s Pro-Crypto Stance Reshapes Market Expectations
Bitcoin surged past $81,000 over the weekend, marking a new all-time high as markets reacted to President-elect Donald Trump's recent election victory and his stated support for digital assets. The cryptocurrency's rally underscores how Trump's ascent, coupled with the anticipation of a Congress filled with pro-crypto lawmakers, is reshaping sentiment in the digital asset space. 
Bitcoin surged past $81,000 over the weekend, marking a new all-time high as markets reacted to President-elect Donald Trump's recent election victory and his stated support for digital assets. The cryptocurrency's rally underscores how Trump's ascent, coupled with the anticipation of a Congress filled with pro-crypto lawmakers, is reshaping sentiment in the digital asset space. -
Fed Cuts Rates Amid Uncertainty Following Trump's Election, Signals Further Moves Ahead
The Federal Reserve cut interest rates by a quarter point on Thursday, citing a cooling labor market and easing inflation, just days after the U.S. presidential election that saw Donald Trump return to the White House. The decision, which brings the Fed's lending rate down to a range of 4.5% to 4.75%, marks the central bank's second rate reduction since September and signals a cautious approach amid heightened economic uncertainty. 
The Federal Reserve cut interest rates by a quarter point on Thursday, citing a cooling labor market and easing inflation, just days after the U.S. presidential election that saw Donald Trump return to the White House. The decision, which brings the Fed's lending rate down to a range of 4.5% to 4.75%, marks the central bank's second rate reduction since September and signals a cautious approach amid heightened economic uncertainty. -
U.S. Jobless Claims Rise Slightly as Fed Prepares Further Rate Cuts
The number of Americans filing for unemployment benefits rose modestly last week, reflecting a mixed labor market picture that underscores both resiliency and emerging strains. The uptick comes as the Federal Reserve, grappling with balancing inflation risks and supporting economic growth, prepares to lower interest rates once more. 
The number of Americans filing for unemployment benefits rose modestly last week, reflecting a mixed labor market picture that underscores both resiliency and emerging strains. The uptick comes as the Federal Reserve, grappling with balancing inflation risks and supporting economic growth, prepares to lower interest rates once more.
