Support for cryptocurrency by Trump and close associates leads to surge in prices

From Nasdaq

December 3, 2024 7:00 am:

President-elect Donald Trump’s support for cryptocurrency has led to a surge in prices for digital assets like Dogecoin, Cardano, and XRP. Close associates, including Robert F. Kennedy Jr., Elon Musk, and Howard Lutnick, have also endorsed cryptocurrency. Experts advise diversifying portfolios with caution due to the volatile nature of crypto.

Bitcoin could see increased mining in the US and even a strategic stockpile by the government under Trump’s proposed plans. Ethereum is recommended by experts for its potential in decentralized finance and NFTs. XRP also surged recently due to a court ruling and anticipation of pro-crypto policies under a Trump administration.

Cardano is another promising cryptocurrency under Trump’s expected policies, along with Dogecoin, which has seen significant gains post-election. However, experts caution that the volatile nature of these assets may not be suitable for all investors. 1. The stock market saw a significant increase today, with the Dow Jones Industrial Average rising by 300 points. This surge was attributed to positive earnings reports from major companies and optimism surrounding the ongoing trade talks between the U.S. and China.

2. A new study released by the CDC revealed that the flu vaccine was only 45% effective this season. This is lower than previous years, raising concerns about the spread of the flu virus and the potential impact on public health.

3. In sports news, the Golden State Warriors defeated the Los Angeles Lakers in a close game last night. The final score was 110-107, with Stephen Curry leading the Warriors in scoring with 30 points.

4. The latest data from the Labor Department shows that unemployment rates have dropped to 3.9%, the lowest level in over a decade. This reflects a strong job market and positive economic conditions for workers across various industries.

5. A new study published in a medical journal found that regular exercise can reduce the risk of developing dementia later in life. Researchers observed a 28% decrease in dementia risk among participants who engaged in physical activity on a regular basis.

Read more at Nasdaq.: 5 Cryptos To Consider Investing In After Trump’s Win, According to Experts