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Stock impact report

Bitcoin hits record high above $93,800 as Trump rally resumes [Yahoo! Finance]

Trump Media & Technology Group Corp. (DJT) 
Company Research Source: Yahoo! Finance
Bitcoin prices held steady over the weekend around $91,000 after last week's surge sent prices for the world's largest cryptocurrency above $80,000 and then $90,000 for the first time. Bitcoin has been a key component of the "Trump trade," as president-elect Donald Trump has promised to explore crypto-friendly policies, including the creation of a bitcoin national stockpile. Bitcoin spot ETFs have also seen massive inflows in recent weeks. As Yahoo Finance's David Hollerith reported earlier this week , BlackRock's spot bitcoin ETF ( IBIT ) saw its assets rise by $13 billion in the wake of Trump's win on Nov. 5, according to Yahoo Finance data. This pushed assets in the iShares Bitcoin Trust past $40 billion just 10 months following its launch. Options tied to IBIT also began trading on the Nasdaq on Tuesday, pushing additional trading activity into the crypto space. The move higher also comes on the heels of a Financial Times report stating that Trump Media & Technology Gro Show less Read more
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