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Bitcoin Soars and Tesla Shorts Take a Hit

Bloomberg Technology

CHAPTER

Bitcoin's Surge and Market Dynamics

This chapter focuses on the dramatic rise of Bitcoin's price, nearing $84,000, and its impact on the cryptocurrency market amid regulatory uncertainties and shifts in administration. It also examines the contrasting struggles in the semiconductor sector, affected by trade policies and company performance, particularly highlighting Supermicro's role in AI server supply. Additionally, the chapter delves into hedge fund losses from shorting Tesla and consumer behavior during China's Singles Day, revealing broader trends in investment and spending.

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