Bitcoin price increased dramatically, surpassing 93,000 USD and continuing to set new peaks. Accordingly, El Salvador - the smallest country in Central America has made a huge profit thanks to Bitcoin investment.
The financial economic news shows US Stock Market Situation November 13: At the end of the session on November 13, the S&P 500 index increased slightly by 0.02% to 5,985.38 points. The Dow Jones index increased by 0.11% to 43,958.19 points and the Nasdaq Composite index increased by 0.26% to 19,230.74 points.
Last night, the US CPI rose 2.6% year-on-year in October, matching the forecast from experts. The core CPI rose 3.3% last month, in line with the forecast.
Bitcoin continues to shock, rising above $93,000 last night, continuing to set records. It is known that El Salvador has made a huge profit from investing in Bitcoin, with a value of $565 million, equivalent to a profit of nearly 100%.
US President-elect Donald Trump appointed Elon Musk as Secretary of Government Efficiency.
The US dollar also rose to a near seven-month high of 106.58, while the 10-year Treasury yield also rose to 4.478% on the morning of November 14.
About Gold Situation, gold prices continued to decline, with spot gold down 0.7% to $2,580.39 an ounce, after hitting a near two-month low earlier in the session. Gold futures lost 0.8% to $2,586.50 an ounce.
Economic and financial news on the commodity market situation: At the end of the trading session on November 13, Brent oil contract increased by more than 0.5% to 72.28 USD/barrel. WTI oil contract increased by 0.46% to 68.43 USD/barrel.
Metals also continued to decline under pressure from the US dollar. Silver for December 2024 fell 0.3% to $30.663/tray ounce, while platinum for January 2025 also fell 0.5% to $943.5/tray ounce. Copper for December 2024 continued to fall 1.3% to $4.083/pound.
