Bitcoin Surges Past $100,000 Amid Regulatory Optimism

Bitcoin soared beyond the $100,000 milestone as investors anticipate a regulatory shift in the U.S. Favorable ETF inflows have pushed the cryptocurrency to new heights amidst strong performance in global stock markets. The U.S. economy shows resilience with potential rate cuts on the horizon.

Bitcoin has ascended past the remarkable $100,000 mark, with investors showing confidence in expected regulatory changes in the United States. Traders are optimistic about the influence of exchange traded funds, which have significantly bolstered the digital currency's institutional acceptance this year.

Meanwhile, major U.S. stock indexes, including the S&P 500, Nasdaq, and Dow, have achieved record highs, fueled by anticipation of potential interest rate cuts. The prospect of a December rate cut has notably increased to a 75% chance, reflecting broad market expectations.

Alongside financial developments, geopolitical influences are evident. The U.S. dollar displayed minor declines, and the euro steadied amid France's political tensions, highlighting a complex global economic climate. Attention now shifts to upcoming economic indicators and policy decisions.

(With inputs from agencies.)