Finance

The aggregate cryptocurrency market capitalization surpassed the $3 trillion threshold following significant weekly inflows. Bitcoin prices surged above $86,000, coming close to fully erasing its losses for the year. This upward momentum was heavily supported by massive ETF inflows and a wave of short liquidations in the futures market.

Crude oil futures experienced a notable pullback, with Brent crude briefly slipping below $98 per barrel before settling near $99. Prices steadied and reversed recent inflationary peaks as international diplomatic discussions generated hope for a potential de-escalation of the war between the U.S. and Iran. This ease in energy costs helped limit downstream downside across broad equity markets.

Spot gold prices consolidated firmly around the $4,360 per ounce level, demonstrating stability despite the central bank's recent decision to raise interest rates. Although higher rates normally pose headwinds for non-yielding assets, the precious metal found strong support. This price baseline was reinforced by record-setting gold import volumes from China and residual safe-haven demand.