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Trump's Election Boosts Dollar and Bitcoin to Record Highs

Donald Trump's victory prompts a surge in the dollar and Bitcoin, driven by his pro-cryptocurrency stance and proposed economic policies.

Le dollar s’est encore renforcé mardi, atteignant son plus haut depuis un an face à l’euro.
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Donald Trump prenant la parole lors de l'événement Bitcoin 2024 à Nashville au Tennessee, le 27 juillet 2024.

Overview

  • The dollar has strengthened significantly, reaching a one-year high against the euro, influenced by Trump's proposed tariffs and fiscal policies.
  • Bitcoin's value has soared, nearing $90,000, as Trump's pro-cryptocurrency campaign promises excite investors.
  • Trump plans to increase import taxes, potentially up to 60% for Chinese goods, impacting global currencies and trade dynamics.
  • The prospect of regulatory easing under Trump has led to a sharp rise in the stocks of crypto-related companies like MicroStrategy and Coinbase.
  • Trump's administration may consider Bitcoin as a strategic reserve asset, signaling a shift in U.S. financial strategy.