BTC broke through the $70,000 barrier for the first time since June on Monday, prompting $48 billion in trading volume and over $143 million in shorts being liquidated across the crypto market. Bitcoin is around 4% higher in the last 24 hours, while the broader digital asset market, as measured by the CoinDesk 20 Index, is up by over 3.2%. DOGE led the gains, jumping over 14% to around $0.165, while ETH rose above $2,600 on the back of a 3.9% rise.
The possibility of higher tariffs imposed by a Trump presidency is seen as unfavorable for emerging markets, with capital flows favoring the dollar and leading to a short-term increase in USD's value. "With Trump's stance on imposing high tariffs, enacting tax cuts, and expanding fiscal spending, inflation is likely to increase," MacroMicro added"This could lead to a higher volume of bond issuance, driving up Treasury yields."As Hong Kong Firms Downsize, Animoca Built a Workspace the Size of 10 Tennis Courts. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications.
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