Why Trump’s Win Sent Stocks Soaring?

What we’ll cover today:

💸 Who’s Cashing In on Trump’s Promises?

🚀 Did Trump's Win Boost Dogecoin?

🔍 How Does Coinbase's Coin50 Index Work?

1. Who’s Cashing In on Trump’s Promises?

What do Tesla, Bitcoin, and private prisons have in common?

They’re all seeing massive gains after Trump’s election win. Investors can’t look away.

Here’s a quick look at who’s winning:

• Tesla: Stocks are soaring as Trump may ease safety investigations and improve relations with China.

• Bitcoin: Breaking records, driven by Trump’s pledge to make the U.S. a “crypto capital.”

• Big Banks: Capital One, Discover, and others are rising with expectations of regulatory rollbacks and more mergers.

• Private Prisons: Stocks like GEO Group and CoreCivic are surging, with stricter immigration policies potentially boosting demand.

• The Dollar: Hitting new highs as markets anticipate inflation and steady interest rates.

Each sector is eyeing big gains—and potential risks.

Here’s the whole article

2. Did Trump's Win Boost Dogecoin?

Dogecoin surged 145% following Donald Trump’s victory in the 2024 U.S. Presidential Election, surpassing Bitcoin and Ethereum. 

The meme-based currency, featuring the famous Shiba Inu, remains below its 2021 peak despite the rally.

Elon Musk's tweets have fueled speculation about a potential collaboration with the Trump administration, which could further impact Dogecoin's value.

Other cryptocurrencies also saw significant gains:

• Cronos: 185%

• Neiro: 118%

• Cardano: 80%

• Pepe: 75%

Caroline Bowler, CEO of BTC Markets, noted, “A rising tide lifts all boats,” suggesting a favourable market under Trump’s administration.

Here’s the whole article.

3. How Does Coinbase's Coin50 Index Work?

Coinbase is setting a new standard with the launch of the Coin50 Index, which provides a comprehensive view of the crypto market similar to the S&P 500.

• Key Players: Bitcoin and Ethereum lead this index, which covers the top 50 cryptocurrencies by market cap.
  

• User-Friendly: The index is accessible through the Coinbase website or app, and it is designed for both new enthusiasts and seasoned traders.
  

• For Global Traders: Non-U.S. investors can engage with perpetual futures via the Coinbase Advanced app.

The Coin50 Index offers a detailed snapshot of the cryptocurrency market's performance, making monitoring trends and making informed decisions easier. 

Here’s the whole article.