News

Why Stellar, Polkadot and NEAR Protocol Were 3 Of the Biggest Crypto Winners This Weekend

This is a 24/7 game, with trading open at all hours -- and some of the biggest moves often take place during Asian trading hours. The idea that money never sleeps is not lost on many traders with short-term positions in many tokens. Stellar (CRYPTO: XLM), Polkadot (CRYPTO: DOT), and NEAR Protocol (CRYPTO: NEAR) have surged 45.9%, 33.2% and 13.7%, respectively, as of 12:30 p.m. ET on Sunday, justifying a deeper look into what's driving these impressive moves.

The rising price of paying the national debt is a risk for Trump's promises on growth and inflation

Donald Trump has big plans for the economy — and a big debt problem that will be a hurdle to delivering on them. Trump has bold ideas on tax cuts, tariffs and other programs, but high interest rates and the price of repaying the federal government’s existing debt could limit what he’s able to do. Not only is the federal debt at roughly $36 trillion, but the spike in inflation after the coronavirus pandemic has pushed up the government's borrowing costs such that debt service next year will easily exceed spending on national security.

Better Buy: Bitcoin or MicroStrategy?

After a huge post-election rally, Bitcoin (CRYPTO: BTC) just hit another all-time high, and is on the cusp of breaking through the $100,000 mark for the first time ever. To answer that question, you first have to understand how MicroStrategy has fundamentally changed its business over the past few years. It started in August 2020, when it became the first publicly traded company to buy Bitcoin as part of its capital allocation plan.