The president-elect has vowed to undo a crackdown on digital assets imposed by the Biden administration and instead foster industry growth, including setting up a national Bitcoin stockpile. The Republican’s pledges ignited a wave of optimism that lifted the token to within a whisker of a record $100,000 last week, before the mood turned cautious as traders awaited concrete steps.
Beleaguered US bond market looks to job report for reprieve
While bearish wagers have been growing, the steep rise in yields since mid-September may mean that strong data will hurt the market less than weak
January 11, 2025