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Bitcoin's price has surged to $71,500, buoyed by optimism surrounding a potential Donald Trump victory, with betting odds favoring him significantly. Trump's commitment to retaining all bitcoins held by the US government and his vision of making the US a cryptocurrency leader further support this bullish sentiment. Technically, Bitcoin has broken out of a downtrend channel, suggesting a possible rally towards $100,000, with a critical resistance level at $73,000.
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Bitcoin's price surged to $71,500, buoyed by optimism surrounding a potential Trump victory in the upcoming US elections, as he promises a pro-crypto agenda. Technical indicators suggest a bullish trend, with a critical resistance level at $73,000 that could trigger significant buying interest. The risk/reward ratio favors buying, with a target of $100,000 and a stop at $63,000.
A recent election in Japan has resulted in significant losses for the ruling coalition, raising concerns about the country's ability to maintain its defense strategy amid increasing Chinese military activity. Analysts warn that a politically immobilized Japan could embolden China and North Korea, potentially leading to heightened regional tensions. Despite these challenges, Japan's commitment to defense spending and security cooperation with the U.S. remains strong, as both nations navigate a complex geopolitical landscape.
Chinese President Xi Jinping urged U.S. President Joe Biden to change the language regarding Taiwan's independence during their meeting last November, requesting the U.S. to state it opposes Taiwan independence. The Biden administration has rejected this request, maintaining its long-standing position. Any shift in U.S. language could significantly impact regional dynamics and perceptions of U.S. support for Taiwan amid increasing military pressure from China.
The US presidential election campaign is projected to cost $5.5 billion, with significant contributions from billionaires like Elon Musk and Timothy Mellon supporting Trump, while Kamala Harris has backing from more billionaires, including Michael Bloomberg and Bill Gates. Fundraising tactics have raised concerns, particularly regarding misleading practices that have exploited elderly donors, leading to substantial unintentional contributions. Despite Trump's billionaire support, Harris has outpaced him in fundraising, especially from small donors, highlighting a stark financial contrast between the two campaigns.
Israel's recent airstrikes on Iranian missile production and air defense systems mark a significant escalation, with the Israeli military asserting its capability for further action. Despite avoiding critical energy infrastructure, the attacks signal vulnerability in Iran's defenses, particularly as Tehran's missile production faces disruption. Iranian leaders have vowed retaliation, raising concerns about the potential for intensified conflict in the region.
UnitedHealth and CVS Health face significant challenges ahead of the US elections, with rising costs and pressure on Medicare Advantage impacting their earnings. A potential Trump victory could ease regulatory burdens, while a Harris win may maintain strict controls, further straining these companies. Both firms are investing in value-based care, but the complexity and costs involved are hindering profitability, leaving their futures uncertain.
Robinhood has entered the prediction betting market, allowing users to trade contracts for Kamala Harris and Donald Trump ahead of the 2024 presidential election. This move follows a recent ruling favoring election outcome trading, despite ongoing concerns about market manipulation and low trading volumes. The platform aims to democratize access to real-time decision-making through event contracts.
Bitcoin faces high tension ahead of the US election, with key focus on upcoming non-farm payrolls (NFPs) and price data. Current predictions show Trump leading Harris, which could positively impact the crypto industry if his promises of less regulation are realized.The market eyes the critical $70,000 mark to confirm an upward trend, with a potential record high of $73,800 in sight. However, short-term setbacks below $66,000 or $64,000 remain possible as investors await significant economic indicators.
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Switzerland seeks a free trade agreement with the US to enhance market access for its exporters, especially amid rising trade barriers. While the Biden administration favors collaboration, the potential return of Trump could reignite tariffs, impacting Swiss businesses reliant on the US market. Harris's approach may favor negotiations with allies, which could benefit Switzerland amidst US-China tensions.
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