Trump's Victory Sparks Bitcoin Surge Amid Market Jitters

Asian markets eased, and the dollar remained strong, influenced by investor optimism for Trump's policies that could boost Bitcoin and equities. Meanwhile, tariffs threatened the euro, and chip stocks faced pressure. The U.S. markets closed at record highs, propelled by pro-crypto sentiment and Tesla's performance.

Asian markets saw a decline while the dollar maintained strength, fueled by investor optimism for policies anticipated under a second term for Donald Trump, which could boost Bitcoin and equities.

The new administration's potential tariffs pressured the euro, and chip stocks experienced setbacks after U.S. actions against Taiwan Semiconductor Manufacturing Co. Yet, Wall Street defied the trend, hitting record highs supported by a shift toward pro-crypto and Tesla investments.

While Chinese shares saw minor gains, sentiment cooled following unmet stimulus expectations. All eyes remain on upcoming U.S. inflation data and Federal Reserve announcements, with markets keenly observing upcoming interest rate decisions.

(With inputs from agencies.)