Bitcoin sees profit booking after over 30% rally since Trump’s US election win
Bitcoinβs impressive rally, which saw a surge of nearly 30% following President-elect Donald Trumpβs election victory, has paused as traders engage in profit booking. The cryptocurrency reached a record high of $89,906 on Tuesday but was trading 1.5% lower at $87,310 as of 10:28 AM IST. “This marks the first downturn since Trump’s recent victory,…
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Will Nifty break out of 24,000-24,500 range this week? Top 5 factors to track
Optimism surrounding Donald Trumpβs victory in the US elections fizzled out soon as Nifty ended the week 0.2% down and outperformed most global markets amid concerns around slowing macro and weak Q2 earnings. IT stocks rallied post-US election results, lifting the Nifty IT index by 4%. Conversely, the high-beta Nifty Realty Index fell by 4%….
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