Market Rebound: Crypto and Gold Shine Amid Risk Appetite
Bitcoin held steady near $88,800 as global markets showed renewed risk appetite, with Asian equities gaining over 1%. The cryptocurrency market stabilized after recent turbulence that saw $576 million in liquidations.
Ether reclaimed the $3,000 level while XRP, Solana, and Dogecoin posted gains. Gold's record surge above $4,380/oz underscores the bifurcated nature of current market momentum - with both crypto and traditional safe-havens attracting capital.
JPMorgan's bullish S&P 500 target of 7,500 by 2026 reflects growing institutional confidence in risk assets. Central bank activity continues to drive gold's strongest annual performance since 1979.