While vote counting continues in the 2024 US Presidential election Donald Trumpgained a significant advantage in the election race. More than half of the votes in Arizona, Michigan, Nevada and Wisconsin, which are expected to determine the outcome of the presidential race, have been counted. It is observed that Trump is ahead in all these states, and it is about to become clear that he is the 47th President of the United States with a few votes.
US Dollar Gained Value, Bond Yields Increased
As Trump’s chances of winning become stronger throughout the election process US dollar It gained 1.2 percent, reaching its highest level since July. In the same period US Treasury bondsThe 10-year yield increased by 15 basis points and the 2-year yield increased by 8 basis points. Experts attribute these increases to the markets’ expectation that economic growth will accelerate and that Trump will implement policies full of higher public spending.
On the other hand, Trump is described as “friendly” economic policiesAlthough it is thought that the possibility of an interest rate cut will decrease thanks to the new policy, the market expects 1.8 interest rate cuts for this year and 3 for next year. The interest rate cut factor also keeps the markets alive.
Bitcoin Rising: Exceeds $75 Thousand 500
cryptocurrency marketBitcoin (BTC) in 
$73,968 Breaking a record, 75 thousand dollars rose to 700 dollars in the early hours of today. The largest cryptocurrency, which surpassed the previous record of $73,500 in March, has been trading in a narrow range below $70,000 since then. At the time of writing, Bitcoin was trading at $73,745 with an increase of 7.15 percent in the last 24 hours.
Bitcoinsaw the third US Presidential election since its inception in 2009. interestingly cryptocurrency The king reached new heights after each election and did not fall to old levels. QCP Capital Analysts expect this positive atmosphere in the cryptocurrency market and traditional markets to continue and the rise to continue as 2025 approaches.
For now, the reaction of the markets as the election results become clear and the presidential change becomes final is being closely followed.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
