Bitcoin reached a milestone on Wall Street on Thursday, surging past the $100,000 mark and pushing global markets upward.
Bitcoin reached a milestone on Wall Street on Thursday, surging past the $100,000 mark for the first time and pushing global markets upward.
Wall Street’s record rally followed another robust performance in U.S. stocks, with investors remaining optimistic despite ongoing political and economic challenges.
In Europe, France’s CAC 40 rose 0.6 percent in early trading, reaching 7,346.64, as the country grappled with political tensions.
A no-confidence motion, driven by budgetary disputes, forced Prime Minister Michel Barnier and his Cabinet to resign after an unprecedented alliance between both right and left of center lawmakers.
Meanwhile, Germany’s DAX edged up 0.4 percent to 20,303.05, and the FTSE 100 in London added 0.1 percent, climbing to 8,346.63.
Futures for the S & P 500 indicated a modest gain of less than 0.1 percent, while those for the Dow Jones Industrial Average remained unchanged, reflecting a cautious outlook ahead of Friday’s highly anticipated U.S. jobs report.What Factors Have Cause Bitcoin to Hit Record Highs?
The standout story in global markets was Bitcoin’s impressive ascent, crossing the $100,000 threshold late Wednesday after former President Donald Trump selected Paul Atkins, a vocal cryptocurrency advocate, to head the Securities and Exchange Commission.
