Bitcoin and global stock markets have reached new all-time highs as 'Bullish October' gains momentum. Bitcoin surged to $126,000, driven by significant ETF inflows totaling $3.2 billion in the U.S. over the past year. BlackRock's IBIT ETF has become the firm's largest revenue source, with open interest hitting $49.8 billion. U.S. BTC ETFs now hold over 1.47 million BTC, accounting for 90% of global holdings.
The U.S. stock market also saw a boost from a multi-billion-dollar deal between OpenAI and AMD, while Japanese equities rose 5% following Sanae Takaichi's leadership win. Despite a data blackout due to a government shutdown, sectors like semiconductors, biotech, and durable goods led the rally. Meanwhile, global bonds suffered as aggressive fiscal spending pushed yields higher. Market focus is expected to shift to the FOMC and major earnings reports later this month.
Bitcoin and Stocks Surge to New Highs Amid Bullish October
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