Bitcoin Soars while Stocks See Hopeful Signs Amid Global Tensions
• Bitcoin hits nearly $42,000, up over 150% this year, as investors anticipate US interest rate cuts and bitcoin fund approvals.
• Gold reaches record high near $2,144 an ounce amid geopolitical tensions in Middle East before easing back down.
• Oil prices fall below $74 per barrel despite OPEC+ supply cuts, pressured by demand uncertainty.
• European stocks mixed as German trade surplus grows on export demand and Spanish unemployment falls.
• US stocks at highest since March 2022 on hopes Federal Reserve is nearing end of interest rate hikes.