Investing.com - US stock futures pointed slightly lower, with traders gauging the staying power of a post-election rally in equities. Data shows that the global cryptocurrency market's valuation has surged above $3 trillion for the first time since 2021 due to hopes that the Trump administration will introduce a friendly regulatory environment for the crypto industry.
Bitcoin, the world's most popular cryptocurrency, added to its recent gains on Tuesday, notching a fresh record high of $89,436.1 earlier in the session. By 03:24 ET, it had increased by around 9.3% to $88,854.5.Japanese technology conglomerate SoftBank Group Corp. clocked a stronger-than-expected quarterly profit on Tuesday, aided by the successful listing of some of its portfolio stocks and resilience in the yen.
Softbank’s flagship Vision Fund logged a 608.48 billion yen gain on investments in the September quarter thanks in part to strength at Chinese ride hailing giant Didi and South Korean e-commerce group Coupang.Both contracts had fallen by more than 5% over the previous two trading sessions.
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