Energies
Bitcoin surged past the $100,000 milestone late Wednesday, peaking at $103,844.05 before stabilizing around $103,544, according to Coin Metrics. The cryptocurrency has gained over 140% year-to-date and a 48% jump since the recent election.
The surge has been attributed to optimism in regulatory discussions, with growing expectations of a more crypto-friendly approach shaping the crypto market. Gold remained steady during Asian trading on Thursday, as safe-haven demand waned despite ongoing political uncertainties in France and South Korea. A strong U.S. dollar and record-breaking highs on Wall Street further dampened gold’s interest. Federal Reserve Chair Jerome Powell’s cautious outlook on further rate cuts also contributed to the subdued sentiment.
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