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Trump's Win and Market Reactions

Market reactions to a potential Trump victory in the US Presidential Election, including the impact on Bitcoin, the Mexican Peso, and the US dollar, are discussed along with contrasting views on cryptocurrency regulation.

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United States

PoliticsEconomyUs PoliticsElectionFinanceCryptocurrency

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Donald TrumpKamala HarrisJoe Biden

What was the effect on the value of the US dollar?: The US dollar's value rose by 1.24% according to the dollar index, indicating a positive market response to a possible Trump win.
What is Kamala Harris' position on cryptocurrency regulation?: Kamala Harris, on the other hand, expressed support for policies that would facilitate the growth of the cryptocurrency industry, although the Biden administration's regulatory actions have cast some doubt on these promises.
How has Donald Trump's stance on cryptocurrencies changed over time?: Trump's stance on cryptocurrencies has evolved. Initially calling Bitcoin a "scam", he later expressed a desire to make the US the "crypto capital of the planet", suggesting a potential shift in policy if re-elected.
What was the impact of a potential Trump victory on other currencies, specifically the Mexican Peso?: A potential Trump victory negatively impacts other currencies. The Mexican Peso fell to a two-year low of 20.5260 pesos per US dollar after Trump announced plans to impose 25% tariffs on Mexican exports due to drug smuggling concerns.
What was the market reaction to early results suggesting a Donald Trump victory in the US Presidential Election?: Bitcoin reached its highest-ever value when early results of the US presidential election suggested a victory for Donald Trump, increasing by 7% to €70,022. This was higher than Bitcoin's previous high in March, although the value has since slightly decreased.

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