Bitcoin soars to new highs and oil jumps as outlook brightens, with US stocks set to slip as markets await fresh stimulus

SourceBusiness Insider
SectorOil & Gas
CountryMiddle east

Bitcoin jumped to a record high on Tuesday and oil continued to rally, while US stocks were on track to ease back after scaling new heights on Monday. The bitcoin price soared to $48,000 for the first time after electric car maker Tesla said it was investing in the digital token, before slipping back slightly. Meanwhile, Dow Jones futures were down 0.09%, S&P 500 futures were off by 0.08% and Nasdaq futures were 0.11% lower by 4.20am ET. Overnight in Asia, China's CSI 300 stock index jumped 2.19% to close at its highest level in 13 years as investors bet on a continued rapid economic recovery. Japan's Nikkei 225 rose 0.4%. Read More: Wall Street's resident IPO expert shares the strategy behind her ETF that returned 107% last year — plus 3 risks to the current IPO boom and 5 offerings to watch this year In Europe, the Stoxx 600 was 0.23% lower in early trading while the UK's FTSE 100 had slipped 0.05%. While equities investors...read more...