📈 Markets Rally on Tariff Optimism & Fed Stability, Bitcoin Eyes $95K
🔹 U.S. Markets: Nasdaq (+2.5%) led gains as Powell’s reappointment calmed markets and tariff fears eased. New home sales hit a 10-month high, while the Beige Book signaled stagnation.
🔹 Commodities: Gold dropped below $3,300 as risk appetite returned. Oil fell to $62.27 amid OPEC+ output boost talk. Copper bounced, silver softened on reduced industrial demand forecasts.
🔹 Global Trends: Eurozone growth stalled, UK services slumped, and Asia’s PMI readings remained weak. Mexico’s 2025 GDP forecast slashed to 0%, and the IMF flagged global debt risks from tariffs.
🔹 Crypto: Market cap reclaimed $3T. Bitcoin hit $94.2K, while altcoins like SUI (+20%) and Ethereum (+3.5%) rallied. SEC charged PGI Global in a $198M crypto fraud case.
🔹 Looking Ahead: Traders watch for further tariff clarity, Fed speeches, and signs of global economic momentum or slowdown.