{"id":3425,"date":"2016-11-09T17:28:22","date_gmt":"2016-11-09T14:28:22","guid":{"rendered":"https:\/\/forklog.media\/?p=3425"},"modified":"2016-11-13T17:30:06","modified_gmt":"2016-11-13T14:30:06","slug":"bitcoin-price-skyrockets-as-donald-trump-wins-the-white-house","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-skyrockets-as-donald-trump-wins-the-white-house\/","title":{"rendered":"Bitcoin Price Skyrockets as Donald Trump Wins the White House"},"content":{"rendered":"

As predicted by numerous experts before, Donald Trump’s presidential election win caused bitcoin price to rise. The recent hours’ events have fully confirmed the predictions.<\/p>\n

Over the last 12 hours, bitcoin price has gained nearly four per cent as more news on Trump’s possible win hit the headlines.<\/p>\n

As of 09:30 UTC bitcoin price stood at around $740 at Bitfinex and $738 at Bitstamp.<\/p>\n

As for trade volume, the greatest activity was seen at Bitfinex ($13.7 million over the last 24 hours) and Bitmex ($12.3 million). GDAX and Kraken both were a bit behind with $7 million.<\/p>\n

\"bitcoinwisdom-com-2016-11-09-10-31-24\"<\/a><\/p>\n

Bitcoin’s market cap is currently standing at $11.77 billion.<\/p>\n

Traditional financial markets, in their turn, have been collapsing. With the first exit polls showing that Hillary Clinton has lost in Florida, North Carolina and Ohio, securities markets started collapsing.<\/p>\n

The Dow Jones index has fallen by more than 800 points, which is the biggest fall since Brexit.<\/p>\n

\"161108230315-stocks-tank-election-780x439\"<\/p>\n

Emotional reactions to political turmoil is quite typical for investors, however, experts believe that such events have no long-lasting impact on markets.<\/span><\/p>\n

“We reviewed the data and it seems that the large majority of individual major events \u00e2\u20ac\u201d ranging from the assassination of Archduke Ferdinand 100 years ago through to 9\/11 and recent events in Iraq and Ukraine \u00e2\u20ac\u201d impact major stock markets by around 10% of less, with the effect being fully reversed within a month or so,” <\/strong>said Credit Suisse’s Head of Research and Deputy Global CIO Giles Keating.<\/p>\n

“This suggests that the most profitable strategy has usually been the contrarian one of buying into price falls caused by such incidents,” <\/strong>Keating added.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

As predicted by numerous experts before, Donald Trump’s presidential election win caused bitcoin price to rise. The recent hours’ events have fully confirmed the predictions.<\/p>\n","protected":false},"author":1,"featured_media":3428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,172,26],"class_list":["post-3425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-markets","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"75","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/3425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=3425"}],"version-history":[{"count":3,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/3425\/revisions"}],"predecessor-version":[{"id":3431,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/3425\/revisions\/3431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/3428"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=3425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=3425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=3425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}