positive Market trends Boost Bitcoin and Stocks
U.S. stock markets closed higher on Monday, with Bitcoin crossing the $85,000 mark.The cryptocurrency has gained 7% in the past week.
Investor confidence rose after President Trump announced tariff exemptions on items like smartphones and computers. This move relieved tech companies, especially Apple. Analysts at KeyBanc Capital Markets upgraded Apple’s stock, citing the tariff relief as a positive sign.
Stephanie Guild from Robinhood told CNBC that they’ve invested some funds recently but remain cautious. She emphasized the importance of diversification, suggesting a mix of low-volatility and growth stocks.
The CBOE Volatility Index (VIX) dropped over six points, and U.S. Treasuries fell, both indicating a supportive environment for stocks. Bitcoin traded above $85,000 but couldn’t sustain the level.However,the $84,000 mark showed strong support.
The broader crypto market remained stable despite Mantra (OM) plummeting 90%. The CEO blamed forced exchange liquidations, but some investors suspect insider selling and fraud.
