Bitcoin surges 7.26% as precious metals and crypto gain ground

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Bitcoin staged a commanding advance, surging ▲ 7.26% to $74,610.00 and trading between $73,011.00 and $75,514.00 during the session. The move underscored broad strength in crypto markets as investors rotated into riskier assets.

Cryptocurrencies

Ethereum followed Bitcoin higher with a ▲ 3.60% gain, reaching $2,347.16. The altcoin traded in a range of $2,325.07 to $2,374.35, reflecting solid upside momentum across the digital asset class.

Precious Metals

Silver outpaced gold among precious metals, jumping 2.79% to $68.99 per ounce and trading between $68.08 and $69.15. Gold rose more modestly, advancing ▲ 0.58% to $4,536.10, with intraday trades spanning $4,511.50 to $4,544.50.

Foreign Exchange

Major currency pairs showed modest weakness. The US dollar edged down ▼ 0.99% against the euro to 0.8560 EUR, trading between 0.8560 and 0.8646. Sterling likewise weakened, with cable dropping ▼ 0.73% to 0.7335 GBP within a range of 0.7335 to 0.7389.

Middle Eastern currency pegs remained unchanged: USD/QAR held at 3.6400, USD/SAR at 3.7500, and USD/AED at 3.6725.