LIVE: Bitcoin smashes $88,000 as Nvidia hits $5.7 trillion market cap for the first time ever
- Bitcoin has broken above $88,000, gaining almost 2% over the past 24 hours as crypto markets push higher.
- A surprisingly weak September jobs report showed just 29,000 new jobs, unemployment at 4.2%, and a 29,000 downward revision to August.
- Citigroup lifted its 12-month Bitcoin target to $113,000 and Ether target to $3,028, while projecting another $5 billion of crypto inflows.
- Elsewhere, gold is nearing $4,200, silver is above $61, oil has dropped below $90, the 10-year Treasury yield is at 5.22%, and tech futures are up around 0.6%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hassett: The non-farm payroll report is “in line with expectations,” the Hormuz Strait is now open, and Trump is taking the deficit issue seriously.
White House National Economic Council Director Hassett stated that he is "not disappointed" with the September nonfarm payrolls report. Government employment numbers have declined, while other sectors are on the rise. Regarding energy issues, he mentioned that the Navy has opened up the Strait of Hormuz and that the White House is communicating with Europe; if Europe releases its strategic reserves, it will have a "huge impact." He also stated that the current interest rate level is "unacceptably high," and that Trump is "taking the deficit reduction issue seriously" and does not want to get out of debt through inflation.
Spot gold breaks through the $4140/ounce mark
US Stock Market Movement | Broadcom (AVGO.US) rises about 2.9% as it plans to raise 60 billions USD to pave the way for AI company computing power
On Friday, Broadcom (AVGO.US) shares rose, with an increase of approximately 2.9% as of press time.
Silver retreats after breaking above $60; platinum drops below $1,690 per ounce
Crypto prices
More
