Happy Friday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
Bitcoin briefly surged above $82,000 as risk appetite returned.
The crypto market cap added $135 billion in the past 24 hours.
U.S. stocks closed sharply higher. The S&P 500 rose 1.1% to 7,748, the Dow gained 1.2%, and the Nasdaq climbed 1.4%.
Fed Governor Christopher Waller said he could support holding rates steady if upcoming inflation data shows easing pressures. Markets cut September hike odds toward 50% from over 60%.
Treasury yields pulled back and the dollar hit its lowest level since May.
Bitcoin's correlation with gold reached a six-year high.
Bitcoin crossed its 50-week moving average.
Galaxy Research said Bitcoin just recorded its shallowest bear market on record.
Coinbase filed to launch perpetual stock trading in the U.S.
Polymarket launched perpetual Bitcoin futures with up to 20x leverage.
More than 119,000 crypto traders were liquidated over the past 24 hours.
U.S. national debt now stands at $40.13 trillion.
Strategy (MSTR) jumped more than 17% and Coinbase (COIN) gained about 10% as Bitcoin rallied. Several miners also advanced.
President Trump said AI will create millions of jobs and help cure diseases.
OpenAI launched its most powerful model, GPT-6 Astra.
Mark Zuckerberg told President Trump he opposes a national AI regulator.
Nvidia announced plans to acquire Hugging Face.
Oil settled around $91. Friday's jobs report remains a key event for Fed expectations.
📊 Altcoin Market Updates 📊
Ethereum traded near $2,500 and lagged some of the other majors.
Xrp led large-cap movers with a rally of nearly 5%.
Pepe jumped 13% after on-chain data showed large withdrawals and growing ETF speculation.
Hype hit a new all-time high.
Robinhood Chain flipped Solana in 24-hour app revenue and overtook Polygon in DeFi TVL.
Doge-1 on Robinhood Chain rallied 158% after an X user acknowledgment followed by Elon Musk.
Uniswap Labs purchased an Ethereum address for long-term alignment.
Flap launched the first DeFi lending yield product tied to bStocks memes on Bnbchain.
If you enjoyed this daily roundup, make sure to follow me, I'll see you tomorrow!
$BTC $SPY $QQQ $OIL $SMH
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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.
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