6 November 2024
The US stock market and cryptocurrency prices surged to record highs following Donald Trump’s victory in the 2024 presidential election. Investors reacted positively to the prospect of Republican policies, including lower taxes and deregulation. The Dow Jones Industrial Average jumped over 1,200 points, while Bitcoin reached a new all-time high above $75,000. Trump’s win also boosted his own media company’s stock by nearly 38%. However, some sectors like renewable energy saw declines, and analysts warn that Trump’s policies could potentially reignite inflation.