Many cryptocurrencies skyrocketed over the weekend. Industry giant Bitcoin (CRYPTO: BTC) gained 13% from Friday's market close to 9:15 a.m. ET on Monday. Smart contracts veteran Ethereum (CRYPTO: ETH) posted a 15.4% gain over the same period.
The FTSE 100 hit a record high today after Sir Keir Starmer held an emergency peace summit in London yesterday.
The president said that XRP, SOL and ADA will be included in a national crypto stockpile with Bitcoin and Ethereum.
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MicroStrategy surged 15% as Bitcoin rallied past $95,000 following President Donald Trump’s announcement of a U.S. Crypto Reserve.
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The health of the US economy is looking less and less stable by the day.
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St. Louis Federal Reserve President Alberto Musalem said on Monday he expects the U.S. economy to continue to expand this year, but recent weaker-than-expected consumption and housing data and reports from business contacts have raised concerns about possible risks to growth. "Recent anecdotal reports from business contacts are more mixed, and some measures indicate that business activity has slowed, suggesting increased caution at least among some firms," he said. "While I continue to expect the economy to grow at a good pace in coming quarters, I would become concerned if we begin to see more evidence of a consumer pullback or a dampening of business confidence and investment plans," Musalem said.
As the cryptocurrency market fell to its lowest level since the days after his father’s November election victory, Eric Trump urged investors not to lose faith. “Buy the dips!!!” he tweeted last week.
