A post by @FirstSquawk on X.
FALLING OIL PRICES, STRONG EARNINGS AND REDUCED POLITICAL UNCERTAINTY BOOSTED RISK APPETITE, WITH INVESTORS EXPECTING THE AI INVESTMENT BOOM TO REMAIN INTACT. BITCOIN TOPPED $80,000, WHILE GOLD GAINED 3.4% TO $4,063 AN OUNCE.
@FirstSquawk on X
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Bitcoin broke above $80,000 as falling oil prices, strong corporate earnings and easing political uncertainty lifted risk appetite, with investors betting the AI investment boom stays intact. Gold rose 3.4% to $4,063 an ounce in the same risk-on move. The twin rallies in bitcoin and gold signal investors are adding exposure to both growth-linked and defensive assets as macro headwinds fade. Watch whether bitcoin holds the $80,000 level and whether gold sustains its gains above $4,000.
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