Bitcoin traded above the $62,000 mark amid renewed optimism for a comprehensive U.S. crypto bill, while investors also weighed strong institutional conviction against ongoing security risks and meme coin volatility.
Bitcoin's price recovered to over $64,000 on Friday, positioning it for a weekly gain as a rally in technology stocks and easing geopolitical tensions improved investor risk appetite.
Bitcoin is consolidating in a tight range below the critical $64,700 resistance level, with declining volume suggesting market indecision and the potential for a significant breakout.
South Korea's Kospi index is trading at its cheapest valuation on record, with a forward P/E of just 6.4, as an AI-driven surge in corporate earnings outpaces its 80% stock market rally this year.
Morgan Stanley reiterated its 'Overweight' rating on Nvidia, stating that the chipmaker's next growth phase depends on diversifying its customer base beyond large cloud providers to include enterprise, sovereign, and industrial AI.
China has suspended helium exports to safeguard its domestic supply as renewed conflict in the Middle East threatens global shipments of the gas, which is critical for semiconductor manufacturing.
The chipmaker confirmed to analysts that its product roadmap is on track and AI demand is expanding beyond cloud giants to enterprises and sovereign customers. Nvidia also clarified its outlook on energy efficiency, gross margins, and capital returns.
UBS Asset Management maintains a constructive outlook on global stocks, arguing that resilient economic growth and broadening corporate earnings can support the market despite the risk of a hawkish Federal Reserve.
Wheat futures on the Chicago Board of Trade reached their highest point in six weeks as traders anticipated a U.S. government report expected to show a reduction in domestic stockpiles.
