Major cryptocurrencies traded in the red, while stock futures saw an overnight rally on Wednesday following President Donald Trump’s signing of a historic “Memorandum of Understanding” with Iran to cease all hostilities.
Crypto Market Fails To Rally
Bitcoin pulled back from $66,000 to drop below $64,000, even as trading volume surged by 25% over the previous 24 hours. Dogecoin also experienced intraday losses.
Stocks tied to the <a If You Don't Own Bitcoin, You're Short Bitcoin': Bitwise's Jeff Park Stays Upbeat About BTC
Stock Futures Pop After Trump Signs MoU
Stock futures surged overnight on Wednesday. The Dow Jones Industrial Average Futures climbed 260 points, or 0.50%, as of 8:46 p.m. EDT. Futures linked to the S&P 500 rose 0.81%, while Nasdaq 100 Futures increased by 1.31%.
The market optimism followed President Trump’s signing of the “Memorandum of Understanding” with Iran during a dinner held by French President Emmanuel Macron at the Palace of Versailles.
