New World Screwworm Found Near U.S. Border Raises Threat to Cattle Industry and Beef Prices 
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil 
S&P 500, Nasdaq Hit Record Highs as Iran Ceasefire Talks and AI Rally Boost Markets 
Oil Prices Set for Sharp Weekly Losses as U.S.-Iran Ceasefire Hopes Ease Supply Concerns 
Mega IPOs Like SpaceX and OpenAI Could Reshape S&P 500 and Nasdaq 100 Portfolios in 2026 
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks 
Dollar Gains Slightly as U.S.-Iran Tensions Keep Forex Markets on Edge 
Oil Prices Jump After New U.S. Strikes on Iran Raise Supply Concerns 
Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar 
Canada and Germany Advance Major LNG Supply Partnership 
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market 
S&P 500 Hits Record High as Tech Rally Slows Amid Iran Peace Uncertainty 
Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge 
European EV Sales Surge in April 2026 as Tesla and Chinese Automakers Gain Ground 
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns 
Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes 
Bitcoin Price Rises Amid Election Speculation
Bitcoin’s price saw a modest increase on Thursday, trending toward strong weekly gains fueled by speculation regarding a potential Donald Trump victory in the upcoming presidential elections. The leading cryptocurrency reached its highest point since late July earlier this week, driven by a wave of positive factors, although the current momentum appears to be stabilizing.
As of 00:59 ET (04:59 GMT), Bitcoin rose 0.7% to $67,733.1, briefly surpassing $68,000 earlier this week. This week, Bitcoin is up more than 7%, marking its best performance since early September.
Key Factors Driving Bitcoin Gains
Several factors are boosting Bitcoin's price, including increased speculation around Trump’s election prospects. Polls indicate that Trump is gaining momentum against Democratic nominee Kamala Harris, who has committed to developing a regulatory framework for cryptocurrency.
Additionally, the defunct exchange Mt. Gox has extended its timeline for token returns to creditors, alleviating immediate selling pressures. Improved capital flows into crypto investment products this past week also reflect a positive sentiment in the market.
Other Cryptos Struggle
While Bitcoin remains positive, other major cryptocurrencies are losing steam. Ether declined 0.4% to $2,618.86 but is still up 5.7% for the week. Other tokens, including XRP, SOL, MATIC, and ADA, saw declines between 0.4% and 4%, despite weekly gains. Notably, DOGE rose 6.8%.
