Happy Monday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- $BTC is trading right around $80,000, down about 1% in 24 hours.
- $117M in long positions were liquidated from the crypto market in the past 24 hours.
- Defense Secretary Pete Hegseth confirms the Pentagon is running classified Bitcoin initiatives for leverage over China.
- Bitcoin is rising from a low against the US Dollar Index while holding its long term channel, which historically has signaled the start of a bull market.
- Strive's CEO hints at buying more Bitcoin, saying "The sats/$SATS perpetual swap has been activated."
- Bitcoin (down 7.3%) and gold (down 7.5%) are the two worst performing major assets so far in 2026, something never seen before in any calendar year.
- Distance from all time highs: Apple 1%, S&P 500 3%, Microsoft 5%, Palantir 8%, Nvidia 13%, Amazon 14%, Meta 19%, Google 22%, Tesla 26%, gold 29%, SpaceX 35% and Bitcoin 36%.
- South Korea is set to delay its 22% crypto gains tax to 2029, the fourth delay since 2020.
- Lula da Silva won Brazil's presidential election, defeating Flávio Bolsonaro, and Petrobras $PBR crashed over 10%.
- Elon Musk warns lenders have almost completely cut off funding to companies fully dependent on AI data center revenue.
- President Trump says high gas prices are a "small price to pay" for the Iran war: "I thought gas would be double and triple."
- Russia says it is ready to supply unlimited diesel to the United States.
- France's 10 year bond yield surged above 5%, the highest since 2002, while its borrowing premium over Germany is back at European debt crisis levels.
- Big Tech reports Wednesday after close: Microsoft $MSFT with $92.46B revenue and $4.82 EPS expected after 43% Azure growth, and Alphabet $GOOGL with $127.91B and $3.03 EPS expected after 82% Google Cloud growth.
- Amazon $AMZN reports Thursday after close, with the Street expecting $202.2B in revenue and $1.96 EPS as investors watch AWS growth and AI spending.
- The chip cycle is in focus this week with $RMBS today, $STX and SK hynix on Tuesday, $KLAC on Wednesday and $SNDK and $INTC on Thursday.
- Before the bell today, Verizon $VZ is expected to report $34.9B in revenue and $1.27 EPS.
📊 Altcoin Market Updates 📊
- $ETH is trading around $2,314, down about 2% in 24 hours.
- Ethereum is still 53% below its all time high, while Dogecoin is 90% below, Fartcoin 95%, Trump Coin 98% and Melania Coin 99%.
- Spot $XRP ETFs pulled in $4.26M this week, flipping back to inflows after their first weekly outflow in 13 weeks, while $XRP trades around $1.29.
- $SOL is trading around $101, down about 1.5% in 24 hours.
- The synthetic Brazil ETF perp $EWZ crashed about 25% on Hyperliquid as Lula won reelection, with Brazil's market still closed for another 12.5 hours.
- $HYPE is trading around $75.5, down about 1.6% in 24 hours.
- $DOGE is trading around $0.077, down about 1.4% in 24 hours.
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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