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Market Reaction to Trump's Potential Win

Bitcoin surged, the dollar strengthened, and the Mexican Peso and Hungarian Forint weakened based on early indications of a Trump victory in the 2024 US Presidential election.

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United States

PoliticsEconomyUs PoliticsFinanceCryptocurrencyMarkets

Fox NewsBloomberg

Donald TrumpKamala HarrisMike Caldwell

How did the Mexican Peso react to Trump's tariff threat?: The Mexican peso fell to a two-year low against the US dollar after Trump threatened to impose 25% tariffs on Mexican exports.
How did different currencies reflect market reaction to Trump's potential win?: The potential impact of a Trump presidency on the global economy is reflected in the fluctuations of various currencies, including the strengthening US dollar and the weakening Hungarian forint and Mexican peso.
What is the general investor sentiment towards Bitcoin under a potential Trump presidency?: Many investors believe a Trump presidency would be more favorable to cryptocurrency than a Harris presidency, although Trump previously called Bitcoin a "scam".
What was the impact of potential US election results on the US dollar and the Hungarian Forint?: The US dollar strengthened against major currencies, including the euro and Canadian dollar, while the Hungarian forint weakened against both the euro and the dollar.
What was the market reaction to the early indications of Donald Trump winning the 2024 US Presidential election?: Bitcoin reached an all-time high following early indications that Donald Trump might win the 2024 US presidential election.

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