Recent weeks have seen markets fluctuate significantly due to speculations about peace agreements in the Middle East, but President Trump's announcement on Saturday regarding a forthcoming agreement appears to be sustaining momentum.
As a result, oil prices and bond yields have dropped sharply, contributing to a boost in stock prices, with the Nasdaq experiencing a 1.4% increase during Tuesday morning trading.
In contrast, the cryptocurrency market remains inactive as investors focus on AI-related opportunities and anticipate major IPOs such as SpaceX and OpenAI.
Among the stock market's top performers are chip manufacturers, with Micron (MU) leading the pack, soaring 17% after UBS raised its price target to an astonishing $1,625, more than double its closing price on Friday. Year-over-year, Micron's stock has surged over 800%.
Bitcoin (BTC) has struggled to gain traction, currently trading at $76,800, reflecting a nearly 1% decline in the past 24 hours. Other cryptocurrencies like Ether (ETH), Solana (SOL), and XRP (XRP) have also seen similar downturns.