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Trump trade: Bitcoin hit record highs and Tesla hits $1 trillion market cap
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Crypto news update

JPMorgan says both Bitcoin & gold should benefit from Donald Trump's second presidency.


🔥 Fidelity’s $FBTC bought $308.8M worth of Bitcoin on Nov. 6, marking its largest inflows since June. 5.


🇺🇸 ETF FLOWS: Around 8,970 $BTC and 21,600 $ETH were bought on Nov. 6

BTC ETFs saw $621.9M in net inflows.

ETH ETFs saw $52.3M in net inflows.

🇬🇧 Bank of England cuts rate by 0.25 points.

🔥 Lawyer Jake Chervinsky: President Trump 🇺🇸 will take office on January 20. Between now and then, the outgoing administration may be busy finalizing rules and filing enforcement actions.

🇺🇸 Total holdings of US ETFs assets officially hit $10 trillion for the first time in history.

Over the last 5 years, the size of the US ETF market has more than doubled.

🇺🇸 American consumers are rolling over a record $628 billion in unpaid credit card debt every month, per Bloomberg.


World's 10 richest people combined net worths rise over $64 billion following Donald Trump's presidential election victory.


🚀 The world’s richest man got even richer, with Elon Musk’s net worth soaring by $20 billion after Trump’s win!

Tesla stock spiked nearly 15%, hitting its highest since 2022. Musk celebrated by calling Trump’s win a “crystal clear mandate for change.”

#cryptonews
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