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Showing posts with the label donald trump

US Stock Market Jumps Again as S&P 500 Is Set to Erase 2025 Losses

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In a development that very few had seen coming, the US stock market has jumped yet again as the S&P 500 looks set to erase all of its 2025 losses so far. Volatility has been the prevailing theme of the year so far, with the markets rebounding in a big way this week. The question is, can it continue its recent run? The surge that Wall Street has enjoyed has been a major benefit to some of the biggest stocks available. Indeed, the Magnificent 7 have bounced back in a major way, with Nvidia (NVDA) leading the charge, rising almost 6% over the course of trading on Tuesday. Source: Reuters / Brendan McDermid Also Read: Tesla (TSLA) Gets 70% Upside, But It Hinges on One $1.7T Market S&P 500 Returns to Form as US Stock Market Continues Its Bounce Back With the arrival of US President Donald Trump’s ‘Liberation Day’ tariff plan, the countries’ financial markets began to plummet. Specifically, the America-first, protectionist policy saw the Dow Jones Index fall ...

US President Trump Says He Hopes Fed Chair Powell Will Lower Interest Rates

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During an important cabinet meeting taking place today, US President Trump has reportedly said he hopes that Federal Reserve Chair Jerome Powell will lower interest rates. Indeed, Trump expressed his dissatisfaction with the Central Bank’s decision to keep interest rates unchanged in March. The Federal Reserve has been fighting against inflation for the better part of two years. In a post-COVID economy, it had gotten that figure down closer to its 2% target. However, concerns surrounding the US economy’s trajectory led them to halt those efforts this month. Now, it is beginning to create a clash between Chair Powell and the 47th President. JUST IN: President Trump says he hopes Fed Chair Jerome Powell lowers interest rates. — Watcher.Guru (@WatcherGuru) March 24, 2025 Also Read: UAE Commits to 10-Year, $1.4T Investment in US After Trump Meeting President Trump Reiterates Desire for Federal Reserve to Lower Interest Rates The US economy has been stuck in a rather concerning ...

Ripple: AI Predicts XRPs Price For The Cryptocurrency Summit Day (March 7)

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Ripple is currently one of the most trending cryptocurrency tokens to exist. The token is now a part of a widespread national narrative, where its role has now become significant. Donald Trump, the US president, has announced the launch of a cryptocurrency reserve, which is set to feature coins like XRP, ADA, and SOL. With Bitcoin and Ethereum in the mix as well, the reserve is set to streamline the future of finance for the world to witness. At the same time, Trump is hosting his first Cryptocurrency Summit on March 7, ushering in more bullish momentum. Will this development help XRP scale new highs? Let’s find out. Also Read: 3 Currencies To Peak If Trade War Ends Up Alienating The US Dollar Ripple: What’s New? Source: Bitcoin.com Ripple (XRP) is now a part of a bigger narrative, a strategic financial phenomenon that may help the token to claim new highs consistently. Trump has announced the launch of a strategic crypto reserve, with XRP playing a pivotal part in the afore...

3 Ways Through Which Trump May End De-Dollarization Once And For All

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De-dollarization is a nagging agenda that the global nations have been vying to achieve for as long as one can remember. The idea of de-dollarization refers to reducing one’s reliance on the US dollar, with nations trying hard to derail the US dollar, snatching away its reserve currency status. But the tables have now started to turn. With Donald Trump leading the charge of the US, his aggressive policies and procedures have the power to end this de-dollarization “nuisance,” establishing a new world order in the process for others to follow. Here’s how he may bolster the US economy in three ways, ending the rising de-dollarization rumors. Also Read: GTA 6 Leak: John Cena’s Heel Turn + Will Villains & Sea Monsters Rule? Three Ways Through Which Trump Can Bolster the US Economy And The US Dollar 1. The President’s Tariff Plan To Bolster US Dollar Source: Rollingstone By now, the world is fully aware of Donald Trump’s aggressive tariff policy. Donald Trump is trying hard to strengthe...

US Sovereign Wealth Fund dashes hopes of Strategic Bitcoin Reserve

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Hopes of a US Strategic Bitcoin Reserve took another knock this weekend after Donald Trump’s surprise executive order about a non-bitcoin US Sovereign Wealth Fund. At the press conference covering the order’s signing, pro-Tether Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent told the president that they would explore warrants, equity, and other non-bitcoin investments in their proposal for his requested fund. Trump’s order made no mention of bitcoin (BTC) or digital assets. Worse, his son Eric tweeted that he actually preferred ether (ETH) over BTC at that time. In my opinion, it’s a great time to add $ETH. — Eric Trump (@EricTrump) February 3, 2025 Eric Trump pumped ETH for the US Sovereign Wealth Fund press conference. Dwindling chances of a US Strategic Bitcoin Reserve The disappointment of US Sovereign Wealth Fund political leaders paying no attention to BTC only added insult to injury. In January, rather than creating a...

Lummis '₿ig things' tweet refers to subcommittee, not Bitcoin Reserve

Cynthia Lummis, the Republican junior senator from Wyoming, teased via X that “₿ig things are coming!.” The inclusion of the Bitcoin symbol in lieu of the “B” led many to speculate that the announcement was going to be about the promised “Strategic Bitcoin Reserve.” Even Justin Sun, an advisor to President Donald Trump-endorsed DeFi project World Liberty Financial, was excited by the news, quote-posting her announcement of a future announcement and adding that he thought it would be “₿ig things.”  Unfortunately for those caught up in the speculation, it seems likely that Lummis’ post referred to her new role as chair for the Senate Banking Subcommittee on Digital Assets. Honored to chair the Senate Banking Subcommittee on Digital Assets. pic.twitter.com/mWj2hKA0NQ — Senator Cynthia Lummis (@SenLummis) January 23, 2025 Some folks were disappointed by this, especially since this particular news was already rep...

Donald Trump Unveils $500 Billion Stargate Project For AI Infrastructure, Boosting AI Cryptos

President Donald Trump unveiled the $500 billion Stargate Project for AI infrastructure in the US, sending AI cryptos surging. The project aims to invest $100 billion immediately and up to $500 billion over four years, and has as its e quity investors SoftBank, OpenAI, Oracle, and MGX, according to an official statement. SoftBank and OpenAI lead the partnership, while SoftBank handles financial responsibilities and OpenAI oversees operations, it said. “China is a competitor, others are competitors, ” Trump said. “We want it to be in this country, and we’re making it available.”  “This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies,” OpenAI said in a statement . “The fact that we get to do this in the United States, I think is wonderful,” said OpenAI CEO Sam Altman. Announcing The Stargate Project...

Polymarket Users Bet Almost $1 Million That Donald Trump Will Mention Bitcoin, Dogecoin Or Crypto In Inauguration Day Speech

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Polymarket bettors have wagered close to $1 million that incoming US President Donald Trump will mention Bitcoin, Dogecoin, or crypto in his inauguration day speech on Jan. 20. Users of the decentralized platform have placed $645,218 on a bet that the President-elect will mention either “crypto” or “ Bitcoin ” on the day. Meanwhile, approximately $329,366 has been put towards a bet that he will mention leading meme coin Dogecoin (DOGE). Polymarket Contract On What Trump Will Say Surpasses $2 Million Overall Overall trading volume for the Polymarket contract related to what the incoming President will say during his inauguration has topped $2 million. There are just over 6 days left until the highly-anticipated event. Not all of the bets on the contract are crypto-related. Polymarket users have also wagered $143,069 on a bet that Trump will mention his political opponent Kamala Harris. There is also more than $19,000 placed on a bet that he will say the phr...

TRON Founder Justin Sun Becomes Biggest Investor in Donald Trump’s New Crypto Project

Justin Sun, the founder of the TRON (TRX) blockchain, has announced a multi-million dollar investment in World Liberty Financial, a decentralized finance (DeFi) crypto project backed by US President-elect Donald Trump. Sun says that TRON blockchain’s decentralized autonomous organization, TRON DAO, will invest $30 million in World Liberty Financial. “The US is becoming the blockchain hub, and Bitcoin owes it to Donald Trump! TRON is committed to making America great again and leading innovation. Let’s go!” TRON DAO is now the largest investor in the Trump-backed DeFi project. World Liberty Financial is built on the Ethereum (ETH) blockchain and intends to sell 20 billion WLFI utility tokens of the project for $0.015 each, potentially putting it on course to raise $300 million. According to the Ethereum blockchain explorer Etherscan, TRON DAO received two billion WLFI tokens from the DeFi project, representing a 10% stake in the World Liberty Fi...

Dogecoin Price Prediction: Can DOGE Reach $1 This Month?

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The cryptocurrency industry was seen celebrating Donald Trump’s victory by turning green throughout the week. As Bitcoin (BTC) continues to record new peaks, the rest of the market was following suit. One asset that has been making headlines with its price change is Dogecoin (DOGE). Also Read: Trump To Appoint Pro-Crypto Candidates for Key Federal Agencies JUST IN: Dogecoin $DOGE rises 47% in the past 24 hours, surpassing a $61 billion market cap. — Watcher.Guru (@WatcherGuru) November 12, 2024 Dogecoin Surges By 47% The OG meme cryptocurrency, Dogecoin, has been on an uptrend for days now. The asset went from trading at a low of $0.1670 last week to a high of $0.4191 earlier today. The meme coin recorded a historic 147% spike over the past seven days. At press time, DOGE was priced at $0.4089, following 47% throughout the last 24 hours. Source Despite this, the meme coin remains 44% below its all-time high of $0.7376. This was attained about four years ago. But considering ...

Cryptocurrency: Top 3 Memecoin That May Hit New All-Time Highs

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Bitcoin (BTC) reached a new all-time high of $81,800 earlier today, signaling the start of another bull run in the cryptocurrency market. The value of the global crypto market has increased by 0.1% over the past day to an incredible $2.88 trillion. Donald Trump’s acceptance into the White House may cause the latest rise. Investors are probably placing large bets on risky assets hoping that Trump’s pro-business and pro-crypto positions would pay off. With the market heading full steam ahead, several assets may hit new all-time highs in the coming weeks. Let’s look at three meme coins that could soon do the same. Also Read: Cardano & Dogecoin Lead: ADA & Doge Rally Amid Bitcoin’s Surge To 80K Top 3 Meme Cryptocurrencies That Could Hit New Peaks 1. Pepe (PEPE) Source – Datawallet Pepe (PEPE) has witnessed an incredible run over the last year, rallying 826% since November 2023. The popular meme cryptocurrency is up 6.2% in the daily charts, 48.7% in the weekly chart...