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Asia stocks slip, bitcoin at record high as Trump trade whipsaws markets

SINGAPORE (Reuters) -Asian stocks tumbled on Tuesday dragged by Chinese markets and chip shares as investors worried about U.S. President-elect Donald Trump's policies, while bitcoin hit a record peak on bets on assets that are set to benefit from the new administration. Investors anticipate Trump's second four-year term in office will bring equities-boosting tax cuts and looser regulations, lifting the world's biggest and best-known cryptocurrency, bitcoin, to an all-time high of $89,637. But the threat of possible tariffs from the new White House administration has put the euro and China's yuan under pressure.

Here's How Much $100 In Dogecoin Today Could Be Worth If DOGE Hits New All-Time Highs

Cryptocurrency Dogecoin (CRYPTO: DOGE) is having a moment once again with the meme crypto soaring over 80% in the last week, helped by increased interest in the cryptocurrency after Donald Trump's 2024 election win and Elon Musk's anticipated role leading the Department of Government Efficiency, or D.O.G.E. for short. Despite the rising valuation for Dogecoin over the past several weeks, the meme crypto still trades significantly lower than its all-time high in May 2021. Here’s a look back and h