Bitcoin Surges Past $88,000 Amid Oracle-TikTok Deal

2025-12-19 20:03

Bitcoin has surged beyond $88,000, driven by a shift in the fear and greed index towards optimism. This rally coincides with Oracle's shares rising over 6% in pre-market trading following a significant joint venture deal with TikTok. The agreement designates Oracle as the primary cloud and data security provider for TikTok's AI operations. The announcement has also positively impacted AI mining stocks, with companies like IREN, CIFR, and CRWV experiencing gains between 4% and 6%. Additionally, Nasdaq 100 futures have increased by 0.5%, reflecting broader market optimism.

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