Geopolitical tensions drive energy stocks higher, Bitcoin returns to 94KAs the United States takes action against Venezuela, the energy market strengthened on expectations of infrastructure rebuilding, driving all major US stock indices higher. Despite the risks of geopolitical conflict, the market is focusing on the long-term revival plans for the energy industry and the easing of interest rate hike expectations due to a soft labor market. Meanwhile, the cryptocurrency market shows strong recovery momentum, with Bitcoin (BTC) rising to a one-month high, reaching a peak of $94,789 this morning, and Ethereum (ETH) also up 2.8% to over $3,200.
Energy stocks lead the rally, with US stocks rising across the board
Although the US attacked Venezuela and detained leader Nicolás Maduro Moros (Nicolás Maduro Moros), causing crude oil prices to rise, investors bet that this move would not lead to a larger geopolitical conflict, and the stock market still advanced. The Dow Jones Industrial Average touched 49,000 points intraday on Monday, closing
ChainNewsAbmedia·4h ago