Happy Monday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- Oil prices briefly rallies above $100 again.
- The chance of a U.S. recession this year rose to 37 percent according to Kalshi traders.
- Gold crashed under $4,350 after falling more than 20 percent from its all-time high, wiping out over $1 trillion from its market cap and entering a bear market.
- Bitcoin fell under $68,000.
- Michael Saylor hinted at purchasing more Bitcoin.
- Binance founder CZ stated that Bitcoin is a hard asset.
- Japan's Nikkei 225 futures dropped 4 percent following Iran's threat to close the Strait of Hormuz.
- Energy and commodity prices surged due to the U.S.-Iran conflict, including European natural gas up 85 percent, Brent crude up 54 percent, and U.S. gas prices reaching $3.94 per gallon, the highest since August 2022.
- Fertilizer prices climbed to their highest levels since September 2022, likely pushing food inflation higher.
- Over $294 million in cryptocurrency long positions were liquidated in the past 24 hours.
- On Polymarket, the odds of a Federal Reserve rate hike in 2026 rose to 25 percent, while the probability of Bitcoin hitting $60,000 before $80,000 this year increased to 65 percent.
📊 Altcoin Market Updates 📊
- $LOL surged 227 percent in the past 24 hours, reaching a new all-time high.
- Resolv's USR stablecoin faced scrutiny over an exploit involving around $80 million unbacked assets, with an active investigation underway and warnings to avoid trading Resolv assets. Aave confirmed no exposure.
- Senators reached a deal with the White House to resolve disputes over crypto stablecoin yields with banks.
- PayPal began enabling stablecoin access in 70 countries.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
$BTC $OIL $SPY $QQQ $GOLD
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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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