Bitcoin falls back, Dogecoin soars, and stocks hit new highs: Markets news roundup

Rockets aren’t the only thing Elon Musk is sending into the stratosphere.

After a three-year plummet, dogecoin is blasting off again, jumping 250% since the election of Donald Trump – part of a broader wave of optimism in the industry, due to Trump’s courting of crypto advocates during his campaign.

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Bitcoin’s price fell back to $91,000 Tuesday afternoon as the leading cryptocurrency reversed course on some recent gains following Donald Trump’s election win.

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Bitcoin has surged to a new high of $94,000, bringing the long-anticipated milestone of $100,000 tantalizingly within reach. This significant price jump, following Trump’s election victory, has reignited enthusiasm among investors who had previously been hesitant to enter the cryptocurrency market. A key factor behind this reluctance is the lack of understanding about how to invest in Bitcoin and the perceived risks associated with it.

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Raising a family is expensive — and depending on where you live, it can be simply unaffordable. However, parents know that cost is just one factor in their decision on where to bring up their children.

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Bitcoin reached a new all-time high, surpassing $94,000 after surging over 120% this year from $40,000. This milestone has revitalized the broader cryptocurrency market, sparking a resurgence in altcoins. Many cryptocurrencies have seen meteoric gains, with some outpacing Bitcoin’s year-to-date performance. The rally highlights the growing diversity within the crypto space as investors increasingly explore opportunities beyond Bitcoin to capitalize on the market’s momentum.

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Tether (USDT), currently the third-largest cryptocurrency by market capitalization, has been under intense scrutiny for several months due to federal investigations into its alleged role in facilitating cross-border money laundering. Now, a recent report by 404 Media highlights Tether’s growing use as a money laundering tool for Mexican drug traffickers, according to the U.S. Federal authorities. 

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The Dow and S&P 500 reached all-time highs, while the dollar weakened on Monday following the news that President-elect Donald Trump has tapped Wall Street’s Scott Bessent to be his next Treasury Secretary.

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Lou Basenese, chief market strategist at Public Ventures LLC, breaks down the best and worst cabinet picks from Scott Bessent to Dr. Oz

Even while turkey becomes more affordable, inflation-weary families may still find it expensive to host a Thanksgiving gathering this year.

According to a LendingTree survey of more than 2,000 U.S. consumers, nearly 56% of Americans plan to host guests this Thanksgiving. The hosts expect to shell out $431 on average ($265 on food/drinks and $166 on décor), a 19% increase from last year

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