CHONGQING, CHINA – July 17: Bitcoin no wan jolly as e don jump reach $123,874 recently, just small below im all-time high wey e reach last month. Investors dey rush enter crypto market like wetin dem dey find fresh palm wine for party, as dem dey run from political wahala when US government take break for business. Dis market don modify since Trump time when dem last shutdown, but dis one tight pass as per investment attitude.
Bitcoin don rise like chi man in village wey just win lottery, climbing 12% dis week alone as people dey react to latest political gabs. We know say when election dey come, investors dey dey believe more for decentralized money like Bitcoin, and e no dey disappoint as Standard Chartered don talk say dem expect am to reach $135,000 soon!
Even gold no wan miss out. E don add 0.5% to reach about $3,876.55 per ounce, joining the party on top the spike wey Bitcoin dey show. As investors dey look for where to put their money, dem dey consider crypto alongside stock market as S&P 500 and Nasdaq dey also rise small-small too, even amid the chaos. Dem don gain about 0.5% and 0.27% respectively, which fit make some investors dey smile, if dem no waka pass wahala.
Like say that one no go do, dem say Trump don meet with congressional leaders to discuss the shutdown, but nothing still don happen. Another wahala wey dey loom as job market dey slow, with consumer confidence dropping sharply. U fit blame am on the ongoing tension wey dey affect general economy.
Trading experts dey watch closely, especially people wey believe say Bitcoin go go higher, as dem relate am with US government risks. If dis matter no resolve soon, e go affect plenty things wey people dey expect, including the job market report wey dey drop anytime soon.
For corporate side, some businesses dey shine like star during dis bear season. Nike shares don jump slightly after dem announce dem quarterly earnings. Pfizer don also gain as dem announce lower prices for some medications, thanks to discussions with Trump over there in the White House.
As we dey enter dis new quarter, traders dey hopeful say dem still fit catch beta opportunities, with Bitcoin and gold continuing to shine for corner. Political bickering fit bring plenty uncertainties, but at least for now, dem dey catch some gains.
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