Asian investors trade overnight to catch the Trump-fueled Bitcoin surge, China accelerates digital yuan push: Asia Express
The cryptocurrency industry celebrated Donald Trump’s victory in the 2024 United States presidential election, as Bitcoin surged to new all-time highs. Asian markets joined in the rally, local sources tell Magazine.
A lot of Asian traders were working overnight to catch this surge and are taking profit in a buy the rumor sell the news dynamic, especially with the Polymarket bets that were settled already, Hong Kong-based market analyst Justin dAnethan tells Magazine.
Trump’s victory sparked optimism in Singapore’s crypto sector as well, a city-state in the race with Hong Kong to attract digital asset firms.
