*Market Trends*
The current market trends show a mix of stability and fluctuations. Let's take a look at some key players ¹ ²:
- *S&P 500*: Currently trading at $5,666, with a slight decrease of 0.07% (-$4.00) from its open price of $5,670.80.
- *Nasdaq*: Trading at $20,066.10, with a decrease of 0.07% (-$13.50) from its open price of $20,099.80.
*Cryptocurrency Update*
- *Bitcoin ($BTC )*: Recently hit $101,707, driven by favorable US policies and trade optimism. The cryptocurrency has rallied over 4.5% in the past 24 hours, breaking past the $100,000 psychological level.
- *Institutional Adoption*: Spot Bitcoin ETFs have seen a resurgence in inflows, supported by US regulatory clarity and growing interest from publicly listed companies adding BTC to their treasuries ³.
*Other News*
- Two US states have passed bills allowing the formation of state-level Bitcoin reserves, eliminating capital gains taxes on BTC in Missouri.
- US banks are now permitted to trade crypto on behalf of customers and outsource crypto custody to licensed third parties ³.
Keep in mind that cryptocurrency markets are highly volatile, and prices may fluctuate rapidly. Stay updated on the latest crypto news and trends for informed decision-making.
