Crypto Stocks Surge as Bitcoin Breaks $116K, Nasdaq Routs Optimism on US-China Trade Hopes

Bitcoin soared above $116,000 this week, fueled by optimism regarding the US-China trade deal. This surge was reflected in a broader market rally, with crypto-related stocks like Robinhood leading gains and Bitcoin miners also experiencing positive movement. Meanwhile, gold and silver prices declined as investors shifted towards riskier assets ahead of the Federal Reserve’s rate decision on Wednesday.