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Global Markets Rally: Bitcoin Soars Past $118K, Gold Holds Strong Amid UK Fiscal Concerns and Japan Bond Woes
Stock Market Newsยท2025-10-02 04:38

Key TakeawaysBitcoin (BTC) has surged 3.6% to trade at $118,747.48, while Ethereum (ETH) climbed 4.3% to $4,375.18.Gold is holding firm near its recent peak, driven by U.S. shutdown risks and the outlook for Federal Reserve easing.The UK faces a potential hole in its public finances following a productivity downgrade, though Chancellor Reeves is reportedly set to reverse plans for higher business rates for retailers.Japan's government bond market is experiencing declining investor demand for 10-year JGBs am ...