Business
Bitcoin Jumps 10% as Trump Promises U.S. to Help Crypto’s Growth
Bitcoin increases with 10% and crypto-related stocks see gains, due to Donald Trump’s stance and win in the 2024 presidential election. Trump also promises to improve bitcoin with a new strategy and the markets now boost with this promise.
Trump was once considered a scam for accepting bitcoin and there was doubt about the finance but has now made a positive impact on bitcoin and gathered investors. Crypto now has a huge boost with prices soaring and investors taking interest in this.
Business
Lagos Port Welcomes the Largest Container Vessel Ever to Nigerian Port
The Lagos Port Complex in Apapa welcomes the largest container vessel ever to the Nigerian port with a capacity of 7000 TEUs. This events marks as a milestone for Nigeria and shows the growth in the country’s trade. The vessel, operated by COSCO Shipping, measures 272 meters in length and is expected to enhance the port’s efficiency.
The terminal operator at the APM Terminal states that this achievement will strengthen Nigeria’s import and export abilities and serves as a good reputation. This event has expanded the presence of Nigeria’s port and can start to make positive changes in the economic state of the country.
Business
Bitcoin and Dollar Rise Again With Donald Trump’s Win In Election
The US Dollar and Bitcoin rise again as Trump reportedly wins the presidential election with 279 Electoral College votes against Kamala Harris’s 22. Major investors have now returned and do no longer need to be cautious.
Investors now anticipate Trump’s policies economically, Dollar has now strengthen again and is now against Euro and Pound which were gaining benefits over Dollar being weak. With Trump’s win, crypto and Bitcoin have strongly risen and are set with expectations higher prices and a boost in U.S savings returns.
Business
USD Weakens Amid The Upcoming US Presidential Election
The Upcoming United State Presidential has caused USD to be weak due to the investors being cautious of the outcome. Meanwhile other countries are gaining strength in their currency and benefitting from this weakness. Euro and GBP keeps rising and gaining against USD.
Gold prices still remain stables despite the recent deadline and the Australian inflation keeps rising. Markets are now watching the political movement to serve as guidance.
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