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Equities Rebound as Cryptocurrencies Hold Key Levels Amid Macro Uncertainty

Equities Rebound as Cryptocurrencies Hold Key Levels Amid Macro Uncertainty

Global Cryptocurrency
Release Time:
2025-08-05 14:58:02
0
BTCCSquare news:

Wall Street opened higher on Tuesday, with the S&P 500 and Nasdaq Composite edging up as markets sought to extend Monday's rebound. The Dow Jones Industrial Average added 90 points, signaling tentative Optimism after last week's sell-off triggered by weak jobs data, tariff tensions, and political upheaval.

Earnings season remains a focal point, with Palantir shares jumping 6% on strong defense-tech results. Meanwhile, cryptocurrencies hover at critical support and resistance levels, their trajectories still tethered to broader risk sentiment. The 10-year Treasury yield crept upward as investors weighed tariff developments and awaited fresh services sector data.

While equities eye a sustained recovery, digital assets appear rangebound—a pause that often precedes volatility. The market's appetite for risk will likely hinge on upcoming corporate earnings and macroeconomic signals, with crypto traders watching for spillover effects.

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