Dax 40 Led European Stock Markets Higher, BTC Price Falls Below $95K
Today European stock markets ended the day higher, with DAX 40 leading the way, while the BTC price retreated lower, losing 3% and falling below the $95,000 level.
Germany spearheaded a recovery in European markets following three consecutive days of declines, with stocks posting notable gains by the close of trading. The DAX , which ended slightly lower yesterday due to political turmoil in France raising concerns about government stability, formed a doji candlestick—a potential signal of a bullish reversal after recent losses. European indices opened on a positive note and carried that momentum through the session, closing with solid gains.
Closing Changes in European Stock Markets
Stoxx 600:
- Closed +0.5%, reflecting broad-based gains across major sectors in Europe.
- Tech and healthcare stocks were notable contributors to the index’s positive performance.
German DAX:
- Led the gains with a rise of +0.8%, driven by strength in industrials and automakers.
- Sentiment was bolstered by easing concerns over potential political instability in France.
France CAC 40:
- Gained +0.5%, with support from luxury goods and energy sectors amid improved market sentiment.
- Political uncertainty persisted but had limited immediate impact on trading.
UK FTSE 100:
- Closed up modestly by +0.1%, as mixed performance in energy and financials offset gains in consumer staples.
- Investor caution ahead of upcoming economic data releases capped broader advances.
Spain IBEX 35:
- Finished the session +0.4%, with gains led by financials and utilities.
- Continued resilience in domestic demand provided support to the index.
Italy FTSE MIB:
- Rose +0.6%, driven by strong performances in banking and industrial stocks.
- Optimism around government policy stability contributed to the positive momentum.
Dax Chart Daily – The Lows Keep Getting Higher
Meanwhile, BITCOIN faced some pressure toward the end of the day. After dipping near $90,000 earlier this week, the cryptocurrency has shown signs of stabilization on the US Thanksgiving holiday, as calmer markets and reduced volatility shifted focus to digital assets. Bitcoin is currently down around 3% today, a decline of $3,110, settling near $94,950. Despite this pullback, the overall trend remains bullish. After Tuesday’s drop to $90,638, the cryptocurrency has rebounded and remains within range of the critical $100,000 level, maintaining optimism among investors.
Bitcoin Live Chart
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