Bitcoin Surges Past $85K, Boosting Small Caps and Financials

Markets surged on Monday, driven by a "Trump-related rally" that saw small caps, financials, and cryptocurrencies, including Bitcoin surpassing $85,000, leading gains. The Russell 2000 Index outperformed, and financial stocks, particularly regional banks, saw strong gains. Major crypto stocks like Coinbase rallied significantly. Tesla continued its upward trend, while the broader tech sector lagged due to new AI export restrictions to China. The U.S. dollar strengthened, Treasury yields remained steady, and commodities mostly fell, except for a rise in natural gas prices.