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(Bloomberg) -- Swings in the US Treasury market have cooled off with the presidential election in the rearview mirror and as investors become more convinced that the Federal Reserve will cut interest rates.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersHong Kong's Expat Party Hub Reshaped by Chinese InfluxAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamA closely watched measure of expected

(Bloomberg) -- Bitcoin traded around the $100,000 level, supported by further signs that proponents of the cryptocurrency sector will help to shape US financial regulations under President-elect Donald Trump.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersHong Kong's Expat Party Hub Reshaped by Chinese InfluxAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamIn the latest development, Brian Qu

(Bloomberg) -- Brian Quintenz has emerged as a top contender to lead the Commodity Futures Trading Commission on what could be a dramatic shift in crypto regulation under President-elect Donald Trump.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersHong Kong's Expat Party Hub Reshaped by Chinese InfluxAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamQuintenz, a former Republican CFTC commissi

NEW YORK (Reuters) -Wall Street's benchmark S&P 500 index rose on Wednesday and a rally in tech stocks lifted the Nasdaq above the 20,000-point milestone for the first time, after a U.S. inflation report boosted expectations of a Federal Reserve interest rate cut. The Dow Jones Industrial Average dipped, dragged by health insurers as U.S. lawmakers introduced a bill seen as crimping their profits. Five of the 11 major S&P 500 sectors advanced, led by gains in communication services, technology and consumer discretionary services.

Market-boosting catalysts, from the introduction of spot exchange-traded funds (ETFs) to a presidential election that delivered a crypto-friendly administration to the White House, seemed to occur every few weeks. Shiba Inu (CRYPTO: SHIB), a meme crypto whose developers are pushing hard for respectability, advanced by just under 9%, while Bitcoin (CRYPTO: BTC) fork Bitcoin Cash (CRYPTO: BCH) was trading nearly 6% higher. Speaking of Bitcoin, the leading cryptocurrency was at the heart of this latest rally.

Unconventional investors thrive in crypto, proving success isn’t bound by traditional financial expertise.

Institutional embrace of Bitcoin signals a turning point for cryptocurrency’s future in traditional markets.