Bitcoin Surges Near $100,000 Amid Market Changes

Indian markets experienced a significant surge, with both the Sensex and Nifty indices rising over 2%, marking their best performance in five months, largely driven by improved investor sentiment and short-covering amidst positive global cues. This rally coincided with a global uplift in equities, as the Dow Jones and S&P 500 also saw gains, despite rising concerns about the Biden administration's military actions in Ukraine. Meanwhile, Bitcoin approached the $100,000 mark, fueled by optimism regarding a crypto-friendly policy shift under President-elect Donald Trump, with its market capitalization hitting $3.4 trillion. The euro, however, faced pressure, falling to its lowest level in two years due to increasing geopolitical tensions and economic contraction in the eurozone, leading to speculation about further rate cuts from the European Central Bank. The U.S. dollar reached a 13-month high, supported by expectations of potential inflationary pressures from Trump's policies. As Asian equities struggle with monthly losses, the crypto market remains buoyant, influenced by significant net inflows into Bitcoin exchange-traded funds.