Bitcoin this morning updated its historical high of $81,888. The market capitalization of the largest cryptocurrency reached $1.6 trillion. Over the past 7 days, bitcoin has grown by more than 18%. The reasons for the bullish trend remain unchanged: These are the results of the US presidential election and a new round of Fed rate cuts. Rosneft may absorb Gazpromneft and Lukoil. According to the initiators, this will allow them to make more profit, counteract sanctions, and gain additional control of the oil market. The combined company is expected to produce almost as much as Saudi Aramco. German Chancellor Olaf Scholz said the time for talks with Putin «will come soon.» At the same time, he noted that such discussions will not be conducted unilaterally – it is planned to involve other parties in the dialogue. In an interview with ARD TV channel, Scholz also said that he had already congratulated Donald Trump on his re-election as president of the United States, but had not yet called him. In addition, the Chancellor intends to pass a vote of confidence in the government ahead of schedule – before Christmas. Trump intends to reduce the independence of the Federal Reserve System. His idea was supported by Elon Musk – the billionaire agreed with Trump's proposal to change the legislation so that the president could influence the Fed's decisions. Trump had previously expressed dissatisfaction with the fact that the executive branch does not have the right to vote in discussions on the key rate and cannot influence Fed Chairman Jerome Powell. Trump will repeal Biden's executive orders, which led to «a crisis at the border and an economic crisis». This will happen during the first week in office, said a spokeswoman for the Republican Leavitt headquarters for Fox News. There are 94 of these decrees in total.
