Bitcoin breaks $86,500 and the Nasdaq hits record highs as chipmakers surge, while oil prices slip on easing geopolitical tensions regarding Iran.
Bitcoin broke through $86,500 and total crypto market cap rose above $3 trillion with bullish chart signals and high Fear & Greed.
AMD gained about 10% and crossed a $1 trillion market cap amid the chipmaker rally.
Intel jumped 12% as AI-linked names rallied, helping drive Nasdaq to a record.
Nasdaq Composite closed at a record Monday and touched a fresh intraday high Tuesday.
Brent crude briefly slipped below $98 a barrel on hopes of a US-Iran deal easing supply concerns.
WTI fell under $93, its lowest since September 8, as geopolitical risk premium faded on Iran headlines.
Solana gained 18.2% over the week, reflecting strong altcoin momentum.
XRP climbed to $1.57 as altcoins caught a bid alongside Bitcoin's breakout.
Zcash extended its multi-month tear to $1,551, up 36.7% in seven days.
S&P 500 barely budged on Tuesday while other risk assets rallied.
Bitcoin surged past $86,500, pushing the total crypto market cap above $3 trillion amid a broader risk-on environment. Simultaneously, the Nasdaq Composite reached record highs, fueled by a 12% jump in Intel and AMD crossing a $1 trillion market valuation. While equities and crypto rallied, oil prices retreated as geopolitical tensions eased following potential Iran-US deal developments.
Oil prices fell as reports emerged that Iran offered to reopen the Strait of Hormuz, easing supply concerns and reducing the geopolitical risk premium.
The rally is driven by Bitcoin clearing key resistance levels, a 'golden cross' technical signal, and a broader risk-on sentiment across global financial markets.