Bitcoin Soars As Global Markets React to Regulatory Changes

Bitcoin reached an unprecedented $100,000 as investors anticipated a positive regulatory shift in the U.S. Meanwhile, global markets hit new highs, driven by optimistic economic outlooks from Jerome Powell. Despite political upheaval in France, European markets remained stable. U.S. equities fluctuated slightly, reflecting broader economic uncertainties.

On Thursday, Bitcoin surged past the $100,000 milestone, fueled by investor optimism about potential favorable regulatory changes in the United States. The global stock markets also experienced a boost, hitting fresh record highs, following encouraging remarks from Federal Reserve Chairman Jerome Powell regarding the strength of the U.S. economy.

In Europe, France faced political upheaval as its government, led by Michel Barnier, lost a confidence vote. However, financial markets remained steady, with French stocks, bonds, and the euro relatively unchanged. Across the Atlantic, U.S. stocks saw minor fluctuations despite previous record gains, as investors digest mixed signals from the Federal Reserve.

Key factors influencing market sentiment included potential U.S. rate cuts, significant ETF inflows into Bitcoin, and geopolitical tensions in countries like Germany and South Korea. As financial markets adjusted, attention turned to upcoming economic data, including U.S. employment figures and OPEC+ oil production decisions.

(With inputs from agencies.)