Sat, Nov 16, 2024 2:57 PM
3 Ways the Trump Administration Could Change the Future of Crypto
A Flip by Avya Verma
In 2024, new spot crypto ETFs officially launched, Bitcoin (CRYPTO: BTC) emerged as a political campaign issue for the first time. Bitcoin is up over 100% in 2024 and may reach $100,000, with 2025 potentially bringing a new regulatory environment, a "crypto arms race" among sovereign governments, and the emergence of a new cryptocurrency superstar.
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The Indian benchmark Nifty 50 extended its corrective decline. Over the past four sessions of a truncated week, the Nifty 50 index remained largely under selling pressure. Throughout the past week, the markets continued with their process of mean reversion. The volatility, though, did not show any major surge. The volatility gauge, IndiaVIX rose by a modest 2.11% to 14.77.
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Garden Reach Shipbuilders' order book stood at ₹24,221.37 crore, a 4% decrease from the previous quarter, despite which the company remains confident in achieving a 25% CAGR from FY23 to FY27, having reported a 21% increase in net profit to ₹97.77 crore and 28% growth in revenue to ₹1,152.92 crore in the September quarter.
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