Trump's Win Boosts Crypto Market: Ether Eyes Breakout as Spot ETFs Surge
November 8, 2024Bitcoin is approaching the $77,000 mark, driven by bullish inflows following Donald Trump's recent victory in the U.S. election.
Meanwhile, China is grappling with economic challenges, particularly a declining property market, which has led the country to explore alternative export markets.
In the political arena, the Democratic Party is facing criticism for failing to effectively address voter concerns regarding inflation and immigration, which have negatively impacted their standing.
Some have pointed to the Harris campaign's lack of communication with local party officials as a factor contributing to her electoral loss.
On the international front, the UN Human Rights Committee has raised alarms about the excessive use of force by French police during various public incidents.
In Spain, demonstrators have taken to the streets to protest against the king and prime minister, expressing their discontent through symbolic acts like throwing mud.
The Philippines has seen its GDP growth slow to its weakest level in over a year, largely due to adverse weather conditions affecting both spending and agricultural output.
In the U.S., the FDA is considering the removal of a common decongestant from the market, citing evidence that it does not effectively relieve congestion.
The political landscape in New York has shifted, with analysts noting that the city's transition to a redder hue is largely due to decreased blue votes rather than an influx of red votes.
The polling profession is facing challenges, including declining response rates and increased skepticism from the public, particularly among Trump supporters.
Looking ahead, Trump's focus on tariffs is expected to primarily target China, with implications for European companies, although the impact may not be as severe as initially anticipated.
Concerns have been raised about the close relationships between executives and policymakers, with warnings that such ties could lead to decisions that are not in the best interest of taxpayers.
Summary based on 620 sources
Get a daily email with more World News stories
Sources
Cointelegraph • Nov 8, 2024
Ether set for $3.2K breakout as ETH ETF inflows turn positiveNewsBTC • Nov 6, 2024
Ethereum Analyst Sets $3,400 Target Once ETH Breaks Key Resistance – DetailsCryptonews • Nov 8, 2024
Ether Eyes $3.2K Breakout Amid Positive ETF Inflows, Trump Victory Boosts Sentiment