Stock Market Today: Dow, Nasdaq Futures Rise; Bitcoin Briefly Tops $80,000
Bitcoin reached a three-month high of $80,000, recovering losses from the previous quarter in a single week. The cryptocurrency experienced a 3% jump as part of a broader rally. Simultaneously, US stock futures for the Dow and Nasdaq rose, with Wall Street opening higher as technology stocks rebounded ahead of Nvidia earnings. Other market movements include spot gold touching nearly $4,700 an ounce, while oil prices declined despite the threat of US sanctions on Iran and its trading partners.
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- ✓ Bitcoin reached a three-month high of $80,000.
- ✓ Bitcoin recovered three months of losses in one week.
What changed
Bitcoin crossed the $80,000 threshold and erased three months of losses within one week.
Live updates
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Bitcoin Hits Three-Month High of $80,000 as US Stocks Open Higher
Bitcoin reached a three-month high of $80,000, recovering losses from the previous quarter in a single week. The cryptocurrency experienced a 3% jump as part of a broader rally. Simultaneously, US stock futures for the Dow and Nasdaq rose, with Wall Street opening higher as technology stocks rebounded ahead of Nvidia earnings. Other market movements include spot gold touching nearly $4,700 an ounce, while oil prices declined despite the threat of US sanctions on Iran and its trading partners.
Why it matters
The sudden recovery in Bitcoin follows three months of losses. Market volatility is currently influenced by anticipation of Nvidia results and concerns regarding US inflation and bond market stability.
What is confirmed
- Bitcoin reached a three-month high of $80,000.
- Bitcoin recovered three months of losses in one week.
Still unconfirmed
- Bitcoin jumped 3%.
What to watch next
- Nvidia earnings results
- US inflation data releases
- Federal Reserve updates from Jackson Hole
confidence 90%Sources used for this update (7)
- CNBC — Bitcoin jumps 3%, closing in on $80,000 as rally gathers pace
- Bloomberg — Bitcoin (BTC) Reaches Three-Month High of $80,000 as Momentum Returns
- Yahoo Finance — Bitcoin has just wiped out three months of losses in 1 week
- WSJ — Stock Market Today: Bitcoin Extends Rally, Crossing Above $80,000
- www.theguardian.com — Gold hits highest level in three months as traders worry about US inflation and bond market jitters – business live
- Barron's — Bitcoin, Ethereum, XRP Prices Fall Back After Crypto Surge—Where They Go Next
- economictimes.indiatimes.com — Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stocks open higher as tech stocks rebound before Nvidia results, data
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