Stocks glow amid a divided economic atmosphere
Last Friday, the stock markets in America were like a playground, and the lights were turned on. The S&P 500 rose by about 1.81%, the Nasdaq increased by 2%, and the Dow Jones proved its worth by rising by more than 1.5%. Also, JP Morgan's strong earnings report played an important role in boosting morale despite Jamie Dimon's warnings about "major disruptions" coming due to macroeconomic instability.
Bonds are not relaxing
U.S. bonds, especially Treasury bonds, saw 10-year bond yields reach 4.59%, and the bond market experienced the worst weekly decline since 2019. When the U.S. Dollar Index (DXY) fell below 100, it opened the door for a positive signal for Bitcoin because a weaker dollar often supports digital assets.