US Indices Hit Record Highs as Geopolitical Tensions Ease; Bitcoin Surges to $75,000

US equity markets surged on Wednesday, with the tech-heavy Nasdaq Composite and the S&P 500 both hitting record closes. The rally was primarily driven by a 2.08% gain in the technology sector, reflecting a broader shift toward risk-on sentiment among global investors. The market optimism stems from signals that the conflict between the US and Iran may be nearing a conclusion. President Donald Trump indicated that a deal is likely, stating the war is "very close to being over," though he noted that the final outcome depends on the terms of the agreement and the willingness of the opposing nation to strike a deal. In terms of concrete figures, the Nasdaq Composite closed at 24,016.02, marking a 1.59% increase, while the S&P 500 reached 7,022.95, gaining 0.8%. In the digital asset space, Bitcoin hit $75,229, extending a two-week rally that has seen the cryptocurrency appreciate by nearly 10%. Analysts suggest that the current rally may have further room to expand. Tom Lee, Chief Investment Officer at Fundstrat, noted that many investors have remained cautious on the sidelines during the conflict. Lee anticipates that the next phase of growth will be spearheaded by the "Magnificent Seven" tech giants, the software sector, and major crypto assets including Bitcoin and Ether.