Pro-Crypto Trump Drives Split Between Bitcoin, Global Equities

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Bloomberg,Global Stocks,Bitcoin

(Bloomberg) -- Bitcoin and global stocks are diverging as Donald Trump’s electoral push and tightening embrace of crypto bolster the largest digital asset...

-- Bitcoin and global stocks are diverging as Donald Trump’s electoral push and tightening embrace of crypto bolster the largest digital asset while equities waver on an uncertain outlook for company earnings.A 30-day correlation coefficient for Bitcoin and MSCI’s index of world shares is falling toward minus 0.20, a rare occurrence as the measure has typically been positive since 2020, data compiled by Bloomberg show.

Vice President Kamala Harris is trying to close the gap to Trump after becoming his likely Democratic rival following Biden’s decision to scrap his reelection bid. There is little clarity yet about her views on the digital-asset industry. Trump is due to speak at a Bitcoin conference on July 27.Global stocks, meanwhile, are under some pressure after a mixed start to the second-quarter earnings season.

SAN JOSE, Calif., July 24, 2024--Today, McAfee Corp., a global leader in online protection, announced the extension of its ten-year partnership with Samsung, enabling enhanced protection for online threats to consumers’ privacy, identity and personal information. HANOI, Vietnam, July 24, 2024--Global leading IT company FPT Software recently signed a large-scale Memorandum of Understanding with the world's leading organization for project management, the Project Management Institute . This partnership aims to bridge skill gaps within the technology industry and foster innovation worldwide.The Slovenian Tourist Board has launched an inspiring new promotional campaign "Slovenia.

 

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