Bitcoin soared past $80,000, reaching a new all-time high, fueled by expectations of favorable regulations under the new administration. President-elect Trump’s pro-crypto stance and the Republican Party’s strong performance in the election sparked a surge in investor confidence. The potential for a crypto-friendly Congress further boosted the market, with experts pointing to the likelihood of supportive legislation.
Hot stocks: Brokerage view on Zomato, Swiggy, NTPC and Ramco Cements
Brokerage firm Macquarie has placed an underperform rating on Zomato, signaling caution on the stock. In contrast, Citi has upgraded Ramco Cements to a “Buy”