On November 21, it was reported that Trump's team is discussing the establishment of a new position at the White House specifically responsible for cryptocurrency policy. This, combined with previous reports that Trump's media group is negotiating the acquisition of cryptocurrency exchange Bakkt, has made people more optimistic about the future of the cryptocurrency industry under the Trump administration. Concept stocks related to cryptocurrency soared before the market opened, with MicroStrategy rising more than 10%. As of the time of writing, Bitcoin was trading at $97,530, approaching the highly anticipated milestone of $100,000. The rise of Bitcoin has attracted a large amount of liquidity, while Ethereum and altcoins have generally fallen.

Futures for the three major US stock indexes fell overall, with Dow futures down 0.15%, Nasdaq 100 futures down 0.40%, and S&P 500 futures down 0.29% as of the time of writing.

Hong Kong's stock market closed lower on Thursday, with the Hang Seng Index down 0.53%, the state-owned enterprise index down 0.79%, and the Hang Seng Technology Index down 1.24%. The market sentiment was generally weak. However, as Bitcoin approaches $100,000 and continues to set new highs, concept stocks related to cryptocurrency have been active and have risen against the trend, with Blue Harbour Interactive up more than 54%, Boyaa Interactive up nearly 17%, and OSL Group up nearly 2%.