Bitcoin above $92,000 as it extends post-election gains
Three major U.S. stock indexes modestly green
Cons disc leads S&P 500 sector gainers; Utilities down most
Euro STOXX 600 index off ~0.1%
Dollar, crude up; bitcoin rallies >4%; gold declines
U.S. 10-Year Treasury yield steady at ~4.44%
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BITCOIN ABOVE $92,000 AS IT EXTENDS POST-ELECTION GAINS
Investors are watching bitcoin BTC= on Wednesday as it hit record highs above $92,000 on Wednesday, extending post-election gains amid optimism the world's biggest cryptocurrency will benefit under the presidency of Donald Trump.
Trump, a Republican who won the vote against Democrat Kamala Harris, embraced digital assets during his campaign.
The cryptocurrency is now up around 34% since the Nov. 5 close. Meanwhile, spot gold XAU= has lost about 6% over this period.
Bitcoin was last up 5.10% at $92,816.38, while ethereum ETH= rose 0.83% to $3,307.73.
Here is a chart showing its rise:
(Caroline Valetkevitch)
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FOR WEDNESDAY'S EARLIER LIVE MARKETS POSTS:
HUMP-DAY DATA: CPI AND MORTGAGES OFFER FEW SHOCKS - CLICK HERE
US STOCKS REMAINED FAVORITES FOR GLOBAL ETPS LAST MONTH - CLICK HERE
S&P 500 FUTURES STRENGTHEN SLIGHTLY, YIELDS FALL, AFTER IN-LINE CPI - CLICK HERE
STERLING: ANALYSTS OPTIMISTIC, ECONOMIC SURPRISES WORSEN - CLICK HERE
EUROPEAN HEALTHCARE WINS AS AUTOS LOSE OUT - CLICK HERE
CAUTIOUS START FOR EUROPE AFTER TUESDAY'S SLIDE - CLICK HERE
EUROPEAN FUTURES POINT AT FURTHER WEAKNESS - CLICK HERE
'TRUMP TRADES' PAUSE FOR BREATH BEFORE US CPI CLICK HERE
Bitcoin surges above $90,000 https://reut.rs/3Z1HfAX
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