🚨🚨BREAKING NEWS🚨🚨
This evening (May 27, 2025), key news from the US stock market has created a clear "risk-on" sentiment, and this has spilled over into the cryptocurrency market:
1.US stocks surge after long holiday
According to Reuters, on May 27, 2025, major indices all posted strong gains right after the Memorial Day holiday as President Trump postponed EU tariffs until July 9, easing trade tensions:
• Dow Jones up 0.94%
• S&P 500 up 1.33%
• Nasdaq Composite up 1.78%
2.Bullish sentiment spreads to Bitcoin
At the same time, Investopedia reported that Bitcoin also rose slightly, trading around 109,500 USD before the US market opened, reflecting a favorable overall sentiment towards high-risk assets like crypto
3.Crypto industry news reinforces the upward trend
Also today, Reuters reported that Trump Media & Technology Group announced plans to raise about 2.5 billion USD to buy Bitcoin, a move that further adds momentum to the cryptocurrency market as more substantial capital is expected to flow into "digital gold"
🚀🚀Conclusion:
Positive information from the stock market (especially the postponement of EU tariffs), along with signals of large capital flowing into Bitcoin, has supported overall sentiment and pushed Bitcoin prices up during the evening trading session and early morning the next day.
$BTC has reached 110k and will continue to rise until tomorrow morning