Last week, U.S. financial markets displayed mixed results, while Bitcoin reached a new high due to positive responses to trade uncertainty.
Bitcoin Continues Its Surge as Technicals Remain Strong
Bitcoin finished the week by increasing 2.73% to reach $87,564.90 on Binance, confirming bullish momentum. The cryptocurrency broke through essential resistance at $85,000, supported by investor optimism and positive technical indicators.
Trump’s China Talks Shake Crypto Sentiment
During this trading week, cryptocurrencies like ETH, ADA, and XRP lagged behind Bitcoin. The Ethereum market declined as it failed to surpass previous resistance around $3,200, closing below $3,000 due to decreased investor interest.
Gold Shines While Equities Split on Trade Talks
The gold market increased by 3.8% as investors sought safe assets amid heightening trade tensions. The S&P 500 and Russell 2000 showed small positive movements, while the Dow and Nasdaq displayed negative performance.
The overall landscape of financial markets remains uncertain, with Bitcoin serving as a safe asset amid rising volatility and economic instability.
