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Bitcoin prices surged approximately 30% since Election Day, reaching over $93,000, but recently dipped below $88,000 as the rally showed signs of fading. Experts suggest investors should be tactical, considering the political environment and potential pro-crypto policies under the Trump administration, which may enhance institutional support for digital assets. Caution is advised regarding entry points, as much of the recent gains may already be priced in, and actively-managed strategies could help navigate regulatory challenges and market dynamics.
U.S. markets retreated after a week of postelection gains, with the S&P 500 down 0.29% and the Dow Jones Industrial Average falling 0.86%. While some stocks, like Tesla, continue to rise, early winners from the "Trump trade" are losing momentum, reflecting a potential shift in investor sentiment as economic data looms. Bitcoin briefly reached $90,000 but retreated to around $87,942.05, while Netflix's ad-supported tier gained 70 million users globally.
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