Cointime

Download App
iOS & Android

Stocks Surge After US Election, Bitcoin and Palantir Shares Rise, Short-Term Profit-Taking Expected

Following the US election, stocks saw significant gains, with the S&P 500 rising by 4.6% and the Nasdaq Composite surging by almost 6%. The Russell 2000, representing small cap stocks, experienced the largest increase, jumping by 8.6%. President-elect Trump's stance on low interest rates is expected to lessen the impact of economic data, inflation, and interest rates in the short term. The rise in crypto products, including bitcoin, is attributed to Trump's support of the technology and Elon Musk's potential influence in the Trump Administration. Tesla shares continue to rise as short sellers are squeezed.

The editor is monitoring crypto-related stocks such as Coinbase and Palantir, which have gained over 40% in the past week on rumors of securing a defense contract. They predict a short-term profit-taking and a pause in the market after a massive surge in the past week. The editor advises investors to stick to their long-term investment plans and objectives.

To generate a unique ID, a function is used and assigned to a specific element on a webpage. The element's class attribute is then removed. An image is loaded from a specific URL with a token and ID parameter. Finally, a function is called to display a video player on the webpage using the previously generated unique ID. This content is for educational purposes only and should not be considered as trading or investment advice.

Comments

All Comments

Recommended for you

  • Strategy's Bitcoin Holdings Reach $4 Billion in Unrealized Losses as Stock Price Surpasses $135 for the First Time in 12 Weeks

    On August 27, Strategy's stock price surpassed $135 for the first time in 12 weeks, rising 10% during the day, while its Bitcoin holdings currently reflect an unrealized loss of $4 billion.
  • Strategy's Bitcoin Holdings Reach $4 Billion in Unrealized Losses as Stock Price Surpasses $135 for the First Time in 12 Weeks

    On August 27, Strategy's stock price surpassed $135 for the first time in 12 weeks, rising 10% during the day, while its Bitcoin holdings currently reflect an unrealized loss of $4 billion.
  • HYPE Surpasses $84.8, Continues to Set New Historical Highs

    Market data shows that HYPE has surpassed $84.8, currently priced at $84.64, with a 24-hour increase of 4.49%, continuing to set new historical highs.
  • HYPE Surpasses $84.8, Continues to Set New Historical Highs

    Market data shows that HYPE has surpassed $84.8, currently reported at $84.64, with a 24-hour increase of 4.49%, continuing to set new historical highs.
  • BTC Surpasses $80,000

    Market data shows that BTC has surpassed $80,000, currently priced at $80,010, with a 24-hour increase of 2.36%. The market is experiencing significant volatility, so please ensure proper risk management.
  • BTC Surpasses $80,000

    Market data shows that BTC has surpassed $80,000, currently priced at $80,010, with a 24-hour increase of 2.36%. The market is highly volatile, so please ensure proper risk management.
  • Genius Group Launches $1.2 Billion Capital Plan to Establish AI and Bitcoin Vaults

    Genius Group has announced a $1.2 billion capital plan aimed at funding its artificial intelligence vault and bitcoin vault through the issuance of perpetual preferred securities. The company's goal is to achieve a total asset value of $2 billion by fiscal year 2031, with the AI vault targeted at $800 million and the bitcoin vault at $827 million. Genius Group stated that this financing method is designed to enhance the net asset value per share and reduce dilution for common shareholders. The company plans to initially issue perpetual preferred securities to raise $12.5 million, with the proceeds allocated to the AI vault, bitcoin vault, and dollar reserves. The company noted that its investments related to the AI vault include firms such as SpaceX, Anthropic, Anduril, and Databricks, with some holdings already seeing valuation increases since the launch in May 2026.
  • BTC Falls Below $79,000

    Market data shows that BTC has fallen below $79,000, currently priced at $78,970, with a 24-hour increase of 0.72%. The market is experiencing significant volatility, so please ensure proper risk management.
  • BTC Falls Below $79,000

    Market data shows that BTC has fallen below $79,000, currently priced at $78,970, with a 24-hour increase of 0.72%. The market is highly volatile, so please ensure proper risk management.
  • U.S. Stock Indices Mixed at Open; Nvidia Surges Over 6% After Earnings

    On August 27, U.S. stock indices opened mixed, with the Dow Jones down 0.15%, the S&P 500 up 0.36%, and the Nasdaq Composite up 0.89%. Nvidia surged over 6% as the company's revenue outlook for fiscal year 2028 significantly exceeded market expectations. Stocks in storage, cloud computing services, and semiconductors rose, with NEBIUS up over 4%, and Micron Technology, SK Hynix, CoreWeave, and SanDisk all rising over 3%. HP Inc. fell over 9%, as the company projected adjusted earnings per share for the fourth fiscal quarter to be between $0.69 and $0.79, up from a previous estimate of $0.67.