Bitcoin rally cools after over 30% jump

Quick Summary:

DELHI — A surge in Bitcoin has paused as traders assess the remaining market impact of United States President-elect Donald Trump's rhetorical support for crypto.

Stocks dipped against that backdrop given that comparatively higher borrowing costs are a potential hurdle for riskier investments, including crypto.

Treasury yields and the dollar climbed Tuesday, indicating that investors expect inflationary pressures from Trump’s plan to impose trade tariffs and cut taxes.

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Category: EconomyBusiness

Markets: ThailandAustraliaChinaSouth KoreaSingaporeUnited States

Topics: Market Musk Global Digital-asset Trump Wednesday Data Tuesday Election Crypto Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 11:47:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23565816

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 19 posts per day

Year Established: 1946

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News Last Updated: 3 hours ago

Coverage Areas: Thailand

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Publisher ID: #66

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