US Stock: Excitement in global markets including America on the launch of Trump 2.0, Bitcoin made a new record
New Delhi:
After Donald Trump’s inauguration as the new President of America, tremendous movement was seen in the stock market and cryptocurrency. There was a strong rise in the US stock market, as investors are hopeful that the Trump administration will strengthen the economy with new policies. At the same time, Bitcoin (Bitcoin Price) broke another record and touched a new high of $109,000.
No new tariffs applicable on first day
The reason for this enthusiasm in the market is the promises made by Trump during the election campaign, in which he talked about taking American business to new heights. Meanwhile, according to reports, Trump did not impose any new tariffs on the first day as promised in his election campaign, which has brought relief to global trade.
US stock futures rise
On Monday, January 20, 2025, US stock futures rose despite the Martin Luther King Jr Day holiday.
- Dow Jones Industrial Average futures were up by 166 points (0.4%).
- S&P 500 futures also registered a gain of 0.4%.
- Nasdaq-100 futures showed the biggest rise, trading up 0.6%.
During this time, regular trading remained closed on New York Stock Exchange (NYSE) and Nasdaq due to holiday. Investors are now waiting for possible executive orders by the Trump administration, which could have a major impact on the US economy.
Will the economy get strengthened by the new decisions of the Trump administration?
Market experts believe that this rise is the result of the beginning of the new term of President Donald Trump and positive expectations regarding his economic policies. Investors are hopeful that the new decisions of the Trump administration will strengthen the economy and the market may see further growth.
European Equity Markets Advance too
The news of Trump delaying new import duties also had a positive impact on European stock markets.
- The pan-European STOXX 600 index rose 0.3%.
- Major European indexes rose about 0.5%.
- The global MSCI All World index closed with a gain of 0.4%.
US Dollar Falls
The US dollar weakened on Monday and fell by 1.3%. The dollar registered a sharp decline against the Canadian dollar, Mexican peso, euro and Chinese yuan. Trump has previously threatened to impose global import tariffs of up to 10%, which included imposing a 60% tax on Chinese products and 25% on Canadian and Mexican products.
Bitcoin hits all-time high
There was movement in the cryptocurrency market also. On Monday, Bitcoin made a new all-time high of $109,072. Bitcoin has increased by more than 10% so far this month. The market value of $TRUMP, the cryptocurrency launched by Donald Trump, reached almost $12 billion, which witnessed huge trading volume. At the same time, the market value of $MELANIA cryptocurrency launched by First Lady Melania Trump reached $1.9 billion.
Condition of Commodities Market
- Gold reached $2,708 per ounce with a slight gain.
- A decline was seen in crude oil.
- Brent crude fell 1.2% to $79.82 per barrel.
- US crude fell 1.6% to $76.62 per barrel.
Donald Trump’s re-election as President is having a positive impact on the American and global markets. Investors hope that his economic policies can take the stock market and cryptocurrency sector to new heights. At the same time, due to the fall in the US dollar and the rise in cryptocurrency, investors’ eyes are focused on future policies.
