The cryptocurrency market is experiencing a surge of optimism after Bitcoin (BTC) surpassed $80,000 during Asian trading hours on Tuesday morning. Presently, BTC is valued at $80,690, marking an increase of over 1% since midnight UTC. Meanwhile, Ether (ETH) stands at $2,370, having failed to surpass its April peak of $2,460.
In the United States, equities are seeing gains in pre-market trading, with Nasdaq 100 futures and S&P 500 futures climbing by 0.5% and 0.3%, respectively, on Tuesday. This uptick is driven by investors capitalizing on lower prices following Monday’s uncertainty due to tensions around the Strait of Hormuz.
Both gold and silver saw slight increases on Tuesday, though they remain considerably below their speculative peaks from early March.