Agency: Focus on whether the Republicans can control Congress
Matthe Wryan, the head of market strategy at London's Ebury, said that the market is not only prepared for Trump's easy victory in the electoral college, but also for the prospect of the Republican Party controlling Congress, which is the key to determining whether the incoming president has the ability to force the US government to change policy.
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The crypto market has dipped in response to President Trump’s plan to enact steep tariffs on imported goods from Canada, Mexico, and China beginning on Tuesday.Canada and Mexico have ordered retaliatory tariffs in response, while China promised “corresponding countermeasures” and said it would file a lawsuit with the WTO.Memecoins were particularly hard-hit by the downturn, with many top coins seeing double-digit percentage drops. Trump’s memecoin has fallen nearly 30% over the past week.
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