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Bitcoin" records a new all-time high above $123,500 yesterday to now settle at $121,838
The cryptocurrency rose on Wednesday evening, surpassing its previous high on July 14. The rise came alongside gains on Wall Street for the second consecutive session as investors lean towards more risk in global markets. Oil prices rose to $62.89 per barrel after hitting a two-month low on Wednesday, with investors focusing on the summit between U.S. President Donald Trump and Russian leader Vladimir Putin on Friday.
Gold prices fell to $3,349.52 per ounce after rising in early trading, supported by expectations of a U.S. interest rate cut next month. Markets are monitoring geopolitical developments between Washington and Moscow and their impact on prices. The upcoming direction depends on the summit's outcomes; any tension may push gold prices up.
Disclaimer: This article is not investment advice or a recommendation, and does not guarantee future performance. The investor is responsible for their investment decisions, and the article does not take into account their personal objectives or circumstances.
