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Bitcoin soars past silver, Dogecoin gets a Musk boost, stocks get a Trump boost: Markets news roundup

Bitcoin soars past silver, Dogecoin gets a Musk boost, stocks get a Trump boost: Markets news roundup

Image: SOPA Images (Getty Images), Chesnot (Getty Images), SOPA Images (Getty Images), Illustration: JUSTIN TALLIS (Getty Images), Photo: Chip Somodevilla (Getty Images), The Washington Post (Getty Images), Chris McGrath (Getty Images), Justin Sullivan (Getty Images), Anna Moneymaker (Getty Images)

Image: SOPA Images (Getty Images)

Image: Chesnot (Getty Images)

Photo: Chip Somodevilla (Getty Images)

It’s the question everyone is asking: What happens now? Donald Trump is on his way to the White House, and by January, he’ll have a team in place to begin implementing the economic policy he’s been touting for months: tariffs on all imports, lower corporate tax rates, extending his 2017 tax cuts, reducing regulation of cryptocurrencies and banks, ending taxes on tips and Social Security, and possibly eliminating income and payroll taxes.

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It’s not just Tesla and Trump Media stock. Sectors getting a boost include banking, private prisons, cryptocurrency, and non-renewable energy

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Photo: The Washington Post (Getty Images)

Bitcoin has reached over $93,000 and shows no signs of slowing.

According to the crypto tracking website CoinGecko, the leading cryptocurrency’s new all-time is $93,477, which is over 5% up from the past 24 hours and 23% from the last week. Some analysts say Bitcoin could even cross the $100,000 threshold.

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The Bitcoin symbolPhoto: Chris McGrath (Getty Images)

A major Bitcoin investment fund just announced a ten-figure buy of the cryptocurrency. MicroStrategy Inc. said Monday that it spent the the first weeks of November stockpiling the digital asset, and its shares are up 17% in Monday trading.

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Intel headquarters on August 1, 2024, in Santa Clara, California.Photo: Justin Sullivan (Getty Images)

Image: SOPA Images (Getty Images)

Shares of Super Micro Computer (SMCI) hit a new 52-week low on Thursday morning as the AI-focused hardware company struggles with filing its quarterly report (Form 10-Q) for the period ending September 30. The San Jose-based company notified the U.S. Securities and Exchange Commission of the delay in a recent filing, saying it needs more time to select and engage a new accounting firm to review financial statements for fiscal 2024.

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Elon Musk joined and Donald Trump on the campaign trail in the final days of the election.Photo: Anna Moneymaker (Getty Images)

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