Happy Saturday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
Happy Saturday all! If you missed the past 24 hours in crypto and stocks, here’s your full recap:
🚨 Major Headlines & Market Moves 🚨
- The S&P 500 crossed above 7,400 for the first time. A year ago it stood at 5,600.
- Nasdaq Composite moved from 25,000 to 26,000 in less than a week — the fastest 1,000-point milestone on record.
- US added 115k jobs in April versus 63k expected. Unemployment rate held at 4.3%, the lowest since last August. February and March figures revised down by 16k total. YoY wage growth at 3.6%.
- 55k US jobs added per month over the last 6 months, the strongest such period since May 2025.
- CapEx spending surged over the last 3 years: Google +467%, Microsoft +367%, Amazon +211%, Meta +178%.
- Bitcoin has outperformed gold by 36% since the start of the Iran war.
- 49% chance of Bitcoin crossing $100,000 again this year, according to Kalshi traders.
- President Trump says efforts to end major conflicts are advancing, getting closer every day.
- Odds of Bitcoin and crypto market structure legislation being signed into law this year rose above 73% on Polymarket.
- SEC Chair Paul Atkins called on Congress to pass the Clarity Act and send it to President Trump’s desk.
- Senate Banking Committee scheduled an initial vote on the crypto Clarity Act for May 14 at 10:30 AM EST.
- US credit card debt reaches new all-time high of $1.33 trillion.
📊 Altcoin Market Updates 📊
- BlackRock is preparing to launch two tokenized money-market funds on Ethereum for investors using stablecoins. The funds tie to its $6.1 billion Treasury liquidity fund.
- BlackRock clients sold 11,475 ETH worth $26.31 million.
- ETF clients bought $6.04 million worth of XRP, bringing total ETF-held net assets to $1.42 billion.
- BlackRock clients sold 1,224 BTC worth $98.02 million.
- MicroStrategy CEO Phong Le indicated the firm may sell BTC over equity to increase bitcoin per share.
- ZEC reclaimed $600.
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
$SPY $QQQ $BTC $ETH $OIL
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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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