Happy Thursday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- Over $820 billion was wiped from U.S. stock market value.
- The S&P 500 closed at its lowest level since November.
- The Federal Reserve left interest rates unchanged at 3.50 percent to 3.75 percent.
- Fed Chair Jerome Powell warned that rising energy prices from the U.S.-Israeli conflict with Iran will drive inflation higher.
- Bitcoin fell below $71,000, down 5%.
- Institutional demand for Bitcoin rose to its highest level since October 2025.
- U.S. Senator Cynthia Lummis urged lawmakers to pass Bitcoin and crypto market structure legislation immediately.
- Brent crude oil surged to $110 per barrel following strikes on Iranian energy facilities, with Persian Gulf oil hitting over $150 per barrel.
- Average U.S. gas prices climbed to $3.85 per gallon, the highest since September 2023.
- The Pentagon requested over $200 billion in its budget for potential Iran-related actions.
- Iran threatened to destroy Gulf energy infrastructure if attacked again.
- Qatar expelled Iranian military and security diplomatic staff, ordering them to leave within 24 hours.
- The SEC approved a Nasdaq rule change to allow tokenized securities trading.
- Micron reported revenue up 196 percent year-over-year to $23.9 billion in its latest quarter.
📊 Altcoin Market Updates 📊
- The odds of Ethereum being flipped in market capitalization during 2026 rose above 50 percent on Polymarket.
- Kraken froze its multibillion-dollar initial public offering plans due to difficult market conditions.
- Visa Crypto Labs launched a command line tool for AI bot payments.
- The Stripe-led payments blockchain Tempo went live with a protocol for AI agents.
- Stripe co-founder Patrick Collison described truly instantaneous blockchains as the most surprise-and-delight product experience since Waymo.
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
$BTC $OIL $ETH $SPY $QQQ
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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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