Connect with us

Hi, what are you looking for?

Big States NewsBig States News

Business

‘Trump trade’ returns for second week as bitcoin, Tesla, stocks surge

Cryptocurrencies and stocks, including Tesla, rallied Monday, picking up where they left off last week in the wake of the President-elect Donald Trump’s victory.

The price of bitcoin hit an all-time high of more than $88,000, a rally that started shortly after Trump was declared the winner of the election. That’s up from $68,000 — a gain of 27% — just since last Tuesday, Election Day in the U.S.

Year to date, the price of bitcoin has nearly doubled.

This post appeared first on NBC NEWS

You May Also Like

Stock

In this episode of StockCharts TV‘s The Final Bar, Tony Dwyer of Canaccord Genuity talks Fed policy, corporate bond spreads, and why the level of interest...

World News

With his foot on a front porch of a stately home in Charleston, S.C., a canvasser for a $100 million field effort supporting Florida...

World News

LOS ANGELES — On Tuesday, just minutes after the Supreme Court reversed the conviction of a man who’d made relentless online threats to a...

Business

Mortgage rates turned higher again last week. But the increase did not cut into mortgage demand, as buyers sought newly built homes. Total mortgage...