US Stocks Soar Amid Hope for Rate Cuts, Bitcoin Dips

US stock markets experienced a surge on Monday, reaching new highs fueled by optimism over potential interest rate cuts this week and eased trade tensions between the US and China. Bitcoin (BTC) saw a temporary spike to $116K yesterday before retreating slightly today, hovering around $114K. This movement was accompanied by increased buying from companies like MicroStrategy and BitMine, though ETHZilla Corporation sold its Ethereum holdings to repurchase shares at discounted prices. 3 major US stock indices hit record highs concurrently.