Happy Friday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- Bitcoin almost hits $72,000.
- MicroStrategy is estimated to have accumulated over 4,000 bitcoin today via STRC, setting a new daily record.
- Nearly $1 trillion in market value was wiped from the U.S. stock market yesterday.
- The S&P 500 fell 1.5 percent, its sixth daily decline of more than 1 percent this year.
- U.S. gas prices are up over 20 percent in the past two weeks, the biggest two-week spike in 30 years.
- President Trump says Fed Chair Jerome Powell should lower interest rates immediately.
- The market is now pricing in just one Federal Reserve rate cut, and not until September.
- Consumer prices in the U.S. rose 4.4 percent per year over the last five years.
- President Trump notes the U.S. makes a lot of money when oil prices rise, as the world's largest producer.
- JPMorgan recommends staying long energy stocks and short the rest of the market until the Strait of Hormuz reopens.
- The chance of a U.S. recession this year has risen to 31 percent amid oil volatility.
- The U.S. Senate voted to include a ban on the Fed's central bank digital currency in a bipartisan housing bill.
- Adobes CEO Shantanu Narayen to step down after 18 years.
The stock dropped 8% after market hours while beating earnings.
📊 Altcoin Market Updates 📊
- A trader accidentally swapped $50 million USDT for about $36,000 AAVE on Ethereum after accepting high slippage warnings.
- Ethereum layer-2 network Optimism's OP Labs laid off 20 employees in a team restructuring.
- Solana has announced that AVAX is now live on its network.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
Credit to the following X accounts for key insights & updates: @whaleinsider @bitcoinmagazine @watcherguru
@degeneratenews @charliebilello @economyapp @earnings_time
PS… Want the complete shortcut to trading altcoins with precision (without wasting months on trial-and-error)?
Clere to grab the Altcoin Profit Toolkit — 8 structured modules + 3 indicators including the Smart Exit Decoder that shows overbought conditions on multiple timeframes, helping you scan, enter, and exit trades like a pro trader.
Written by Timothy Assi, an Elite Popular Investor on eToro.
Not investment advice. eToro is a multi-asset investment platform. Your capital is at risk. For information and educational purposes only.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Connect with me on:
🟦 Linkedin: Timothy Assi
🟪 Instagram: @panic_drop
⬛ X: @timoassi
📧 timothy@panicdrop.com
🟩 Panic Drop Podcast : on your favorite streaming app
