Post-election rally unleashes “Risk-On”
Political gridlock in the U.S. pushes #bitcoin above $80,000 and weakens the dollar
Massive rebound in risk assets
The outcome of the midterm elections removed the political uncertainty that had been holding back Wall Street. The legislative gridlock resulting from the Democrats’ victory in Congress is historically seen by investors as a positive factor, as it reduces the likelihood of drastic regulatory changes or fiscal surprises.
Bitcoin #BTC saw a strong bullish green candle, breaking above $80,500, driven by capital rotating into high-risk assets as political risks and volatility ease (the VIX fell 18.67%).
Weakening dollar and falling yields: With the Federal Reserve expected to limit interest rate hikes and political tensions easing, analysts see room for the U.S. dollar to depreciate and bond yields to fall.
#DonaldTrump #TRUMP
$BTC
$QQQB
$ETH
Political gridlock in the U.S. pushes #bitcoin above $80,000 and weakens the dollar
Massive rebound in risk assets
The outcome of the midterm elections removed the political uncertainty that had been holding back Wall Street. The legislative gridlock resulting from the Democrats’ victory in Congress is historically seen by investors as a positive factor, as it reduces the likelihood of drastic regulatory changes or fiscal surprises.
Bitcoin #BTC saw a strong bullish green candle, breaking above $80,500, driven by capital rotating into high-risk assets as political risks and volatility ease (the VIX fell 18.67%).
Weakening dollar and falling yields: With the Federal Reserve expected to limit interest rate hikes and political tensions easing, analysts see room for the U.S. dollar to depreciate and bond yields to fall.
#DonaldTrump #TRUMP
$BTC
$QQQB
$ETH
