Bitcoin Records Largest Weekly Gain Since U.S. Election, Surpassing U.S. Stocks

PANews2025/04/25 15:40

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

According to Jinshi, Bitcoin has led a rebound in risk assets, poised to post its largest weekly gain since Trump won the U.S. presidential election. As investors digest the impact of Trump's trade war, the tech-heavy Nasdaq 100 index has risen by about 5%, but Bitcoin has surged by about 12% since last week, breaking above $95,000 for the first time since early March. Jake Ostrovski, a trader at cryptocurrency market-making firm Wintermute, stated: "Despite continual turbulence, the implied correlation within cryptocurrencies remains high." "Thus, even though the overall market has improved, it's evident that macroeconomic and geopolitical forces are still the main drivers of capital flow."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

According to CME “FedWatch”: The probability that the Federal Reserve will keep interest rates unchanged through October is 80.6%, while the probability of a cumulative 25 basis point rate hike is 19.4%. By December, the probability of keeping rates unchanged is 21.7%, the probability of a cumulative 25 basis point hike is 64.1%, and the probability of a cumulative 50 basis point hike is 14.2%.

智通财经•2026/10/07 22:26

COMEX silver inventory changes daily data for October 6 in the United States

COMEX silver inventory changes in the United States on October 6 - daily (hundred ounces)

智通财经•2026/10/07 22:16

APLD reported revenue of 341.9 million USD in the first quarter of fiscal year 2027, up 322%

APLD announced its financial results for the first quarter of fiscal year 2027 with revenue of $341.9 million, marking a 322% increase compared to the same period last year. Service and other income reached $262.8 million, while data center leasing income was $79.1 million.

智通财经•2026/10/07 22:06