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The crypto craze heightens yet again as Bitcoin sprints above $19,000 after almost 3 years. As of writing, BTCUSD gained a massive 169% this year so far, with a 4.26% intraday gain on Tuesday. However, that is not as good as Ethereum's 370% YTD surge. Ripple also surprised everyone with its biggest intraday gains of 42%, 39%, and 12.83% all in the same week.
BTCUSD rally strengthens with 169% YTD gain, SimpleFX WebTrader
Altcoins received a needed lift from Bitcoin's steady rally as investors flock to Bitcoin as a hedge to inflation. Digital coins brought in new interest from Wall Street and Main street recently, with investing titans backing the idea of Bitcoin being a "fantastic" hedge.
Derivatives trading platforms like SimpleFX are becoming popular venues for everyone to profit from the crypto rally without investing a huge amount. CFDs make it possible to trade with leverage from anywhere using only smartphones or web browsers. The best part is that profit comes in from both falling and rising markets.
Meanwhile, tech stocks like Tesla continue the strong uptrend. Tesla Motors is trading at $545 as of writing, which is a swift turn from the $80 price in January. That's a colossal 581% increase in almost a year.
Tesla surges by 581% this year to date, SimpleFX WebTrader
Vaccine-related stocks like Pfizer are also attracting more investors including Billionaire investor Warren Buffett. Market uncertainties continue to shadow economies ravaged by COVID-19. Pfizer could experience a near-term upside as it's 95% effective coronavirus vaccine was submitted for emergency approval in the US.
Moreover, coronavirus vaccine news propelled the Dow Jones Index to above $30,000 as of writing. DJI30 is up by near 13% in November, pushing stocks strongly into a bullish market.
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