The rise in the U.S. stock market, following good news from Apple, is also leading to an overall increase in major virtual asset prices.
As of 8:07 a.m. on the 7th, Bitcoin was recorded at $115,129, up 1.05% from 24 hours earlier, according to CoinMarketCap, a global cryptocurrency market tracking site. During the same period, Ethereum rose 2.41% to $3,682, and Ripple (XRP) was trading at $2.99, up 1.33%.
The rise in major virtual asset prices that day is interpreted as being due to the bullish trends in the U.S. stock market, which were a result of the increase in Apple's stock price. On that day, the Dow rose 0.19%, the S&P 500 rose 0.73%, and the Nasdaq rose 1.21%. This was because Apple announced a $100 billion investment in the U.S.
Earlier, President Trump warned this year that if Tim Cook, Apple's Chief Executive Officer (CEO), did not transfer iPhone production facilities to the U.S., a tariff of at least 25% would be imposed on Apple.