Market Brief 11 November, 2024

Good evening, investors and traders! The markets are experiencing a surge of optimism today, fueled by the recent election results and the prospect of eased regulations for the crypto industry. The S&P 500 Index (GSPC) is up by 0.05% to 6,002.15, while the Nasdaq 100 Index (NDX) is down by -0.16% to 21,098.57. MicroStrategy, a major Bitcoin investor, has announced a $2 billion purchase of Bitcoin, boosting its holdings to 279,420 BTC. The crypto market cap has surpassed $3 trillion, with Bitcoin reaching a new all-time high of $86,800. The recent surge in Bitcoin has also driven up the prices of other cryptocurrencies, including Dogecoin, which has surpassed USDC to become the sixth-largest cryptocurrency by market cap.