Financial Analyst/Content Writer, RADEX MARKETS
Lawrence J. came from a strong technical and engineering background before pivoting into a more financial role later on in his career. Always interested in international finance, Lawrence is experienced in both traditional markets as well as the emerging crypto markets. He now serves as the financial writer for RADEX MARKETS.
AKCJA
Bitcoin enjoyed a thunderous rally on Monday, blasting over $86,000 per coin and matching prices not seen since January. The original cryptocurrency is now almost in the green for the year, having erased most of the losses incurred over the last nine months. The wider crypto sphere likewise saw explosive inflows of capital, prompting Bitwise CIO Matt Hougan to declare that crypto winter was ‘over’. Hougan went on to state that both the SEC and CFTC were the most ‘pro-crypto […] in the history of the US’ and that the failure of the Clarity Act to pass through Congress may in fact pave the way for ‘stronger pro-crypto regulation’. Music to the ears of market participants who have had absolutely nothing to celebrate since the crypto sector peaked back in October 2025, only to nose-dive into a brutal 50% correction during the following winter months. While prices have a long way to go before new records start being broken, particularly in the altcoin market, early signs of thawing are a sight for sore eyes.
There has also been a sizeable rotation back into semiconductor stocks early this week, following the explosive launch of Meta’s Muse AI agent. Meta Platforms (META) gained 11% on Monday after third-party tracking data pointed to overwhelming demand for its new product, which also helped to restore confidence in the wider AI trade. A number of semiconductor companies have rallied hard so far this week, including AMD, which shot up 10% on Monday to establish a fresh record high, introducing the chipmaker into the $1 trillion market cap club. AMD recently announced a 10% price increase for AI accelerators, consumer GPUs, and motherboard chipsets in Q4, further showcasing resilient demand in the sector. Arm Holdings (ARM), Intel (INTC) and Qualcomm (QCOM) also outperformed, rising 21%, 14% and 12% respectively since the last weekly close. The strength in chip stocks was enough to push the Nasdaq Composite to back-to-back record highs, finally breaking the prior all-time high established back in early June.
Presidents Trump and Xi are scheduled to meet later today for a series of talks, one of which will focus on artificial intelligence. In particular, the two leaders are considering launching a formal notification system that would warn one another about safety incidents that could potentially threaten national security. Trade will also feature heavily on the agenda, as the current truce on tariffs is set to expire on the 10th of November. Iran will undoubtedly come up in conversation, as the conflict prepares to enter its eighth month. Speaking of which, it now appears as though some tangible progress is being made, as Iranian Foreign Minister Abbas Araghchi met with US Special Envoy Steve Witkoff for a face-to-face meeting at the UN General Assembly in New York. An initial framework to reopen the Strait of Hormuz emerged as a result of the private talks, while the Iranian delegation confirmed having ‘full authority’ to revive diplomacy. On the other hand, Trump threatened to ‘annihilate’ Iran if it refused to strike a deal, leaving spectators as befuddled as ever. Crude oil prices have fallen modestly since this time last week, from $108 per barrel last Tuesday to $98 late last night. West Texas Intermediate meanwhile broke below $90 per barrel yesterday – the large spread between the two benchmarks reflecting the risk and transport premia affecting seaborne contracts.
About the Author
Lawrence J. came from a strong technical and engineering background before pivoting into a more financial role later on in his career. Always interested in international finance, Lawrence is experienced in both traditional markets as well as the emerging crypto markets. He now serves as the financial writer for RADEX MARKETS.
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