Bitcoin surge triggers billions in losses for crypto short traders after Trump win

Quick Summary:

Short sellers of cryptocurrency and blockchain-related stocks have suffered heavy losses since Nov.6, after bitcoin surged to record highs, on optimism U.S.

President-elect Donald Trump would implement a more favorable regulatory framework.

Among them, Coinbase was last up close to 16 per cent, tracking the surge in bitcoin prices.

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Article Details

Category: EconomyBusiness

Markets: SingaporeFranceUnited States

Topics: Billion Bitcoin Photo: File Representations Illustration Trump Cryptocurrency Seen Taken Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 22:29:59 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 369 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 23518270

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 40 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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