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In the wake of Powell's statements, the equity markets experienced a notable surge, bolstered by investor confidence in economic stability. While the NASDAQ and futures experienced slight fluctuations, the overall sentiment remained optimistic, showcasing a market that is resilient amid any cautionary undertones from the Fed.
Cryptocurrency Milestone: Bitcoin Surpasses $100,000
In a significant development within the cryptocurrency space, Bitcoin has surpassed the $100,000 mark, achieving a milestone as an asset worth over $2 trillion. This surge can be seen as a reflection of growing institutional interest and the anticipation of favorable regulatory frameworks under the newly appointed SEC Chair, Paul Atkins.