May 2, 2025—a snapshot of the latest movements in crypto, gold, and global equities

🪙 Crypto Market: Bitcoin Nears $100K Amid Institutional Interest

$BTC Bitcoin has surged past $97,000, marking its highest level in over two months. This rally is fueled by renewed institutional interest, including reports that #MorganStanley may introduce spot cryptocurrency trading on its E*Trade platform. Additionally, Strategy (MSTR), the largest corporate bitcoin holder, plans to acquire more Bitcoin through a $21 billion equity offering. These developments come amid investor concerns about U.S. trade policies under the Trump administration.

Technical analysis indicates bullish momentum, with Bitcoin breaking out from a descending channel and pennant pattern. Key resistance levels are at $100,000 and $107,000, while support levels to watch are $92,000 and $85,000.

🪙 Gold: Rebounds from Two-Week Low as Investors Eye U.S. Jobs Data

Gold prices have rebounded by 0.5% to $3,256.51 per ounce after hitting a two-week low in the previous session. The recovery is attributed to ongoing investor demand amid persistent uncertainties, despite easing trade tensions between the U.S. and China. #PAXG

Investor focus has now shifted to the forthcoming U.S. non-farm payrolls report, expected to show a gain of 130,000 jobs in April, down from March's 228,000. The results may influence the Federal Reserve's policy outlook.

📈 Global Equities: Asian Stocks Climb on Trade Talk Prospects

Asian stocks have climbed to their highest level in over a month, and U.S. equity-index futures have advanced, following China's announcement that it is evaluating a U.S. offer to resume trade talks. This development has bolstered investor sentiment, suggesting a possible de-escalation of ongoing trade conflicts.