Happy Thursday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
Sec chair Paul Atkins called the Regulation Crypto Assets proposal the Sec's most historic step yet to cement America as the crypto capital of the world.
He also said he expects the Crypto Clarity Act to pass this month and hopes it reaches the president's desk.
Bitcoin is decoupling from the Nasdaq and now closely correlating with gold, according to Grayscale. Rising debt, persistent deficits, and higher yields are pushing investors toward alternatives like Bitcoin and gold.
Siebert Financial told Charles Schwab that the Bitcoin bottom is in, with a 12-month price target of $175,000 by mid next year.
G20 finance ministers and central bank governors said digital assets can play a role in supporting broad-based economic growth.
Uk public company The Smarter Web Company bought another 35 Bitcoin, bringing its total holdings to 2,747 Btc.
Mexican billionaire Ricardo Salinas said Bitcoin changes one fundamental rule: no one can print more just because they want to. Fiat inflation is a hidden tax.
$1,000 invested in Bitcoin 15 years ago would be worth about $8.97 million today, compared with $735,000 in Nvidia, $231,000 in Tesla, $29,000 in Apple, $8,400 in the S&P 500, and $2,150 in gold.
President Trump said the stock market will go up.
The Netherlands moved 86 tonnes of gold worth $12.1 billion out of the Us and Canada citing increasing geopolitical unrest.
The Us and Venezuela signed a deal giving America majority control over 65 billion barrels of Venezuelan oil.
Broadcom reported Q3 revenue of $29.6 billion, up 86% year-over-year, with Ai semiconductor revenue jumping 221% to $16.7 billion. Q4 Ai revenue is guided to $21.7 billion.
Snowflake beat estimates with revenue up 35% and raised its full-year product revenue outlook. Hewlett Packard Enterprise, NetApp, Five Below, and ChargePoint also posted notable beats.
Openai Ceo Sam Altman said Ai will become the largest boom in the history of global commerce.
The Us government said it trusts Anthropic again.
📊 Altcoin Market Updates 📊
Robinhood Chain has gone from zero to the largest issuer of stock tokens by holder count in roughly two months. Tokenized stock value surpassed $88 million and daily volume is nearing $2 billion. There was a warning of elevated network fees on the chain.
The lead artist behind Sui’s $100 million Fud memecoin launched his own token, $Hope.
The official Roblox account replied to the $Robloxians team, marking the first Roblox-themed coin paired with $Rblx stock.
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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