Dow Stumbles 119 Points While Nasdaq Creeps Up—Bitcoin Holds at $103K Amid China Speculation

Wall Street wobbles as traditional markets show mixed signals—tech stocks inch forward while the Dow bleeds value. Meanwhile, Bitcoin stands firm at $103,000 as traders digest unconfirmed rumors of Chinese regulatory shifts.

Nasdaq’s resilience hints at tech’s enduring appeal, but the real action? Crypto markets laughing at ’stable’ fiat currencies—again.

Bonus jab: Another day, another ’China crypto rumor’ moving markets. Some things never change—except Bitcoin’s price, apparently.

Bitcoin’s surge

Meanwhile, Bitcoin (BTC) surged above $104,000 Friday morning, driven by strong institutional inflows and ETF performance. Spot Bitcoin ETFs reached a new lifetime high in cumulative flows at $40.33 billion, per Bloomberg data. The largest cryptocurrency by market cap gave up some of its gains, trading at around $103,000 following Wall Street’s closing bell.

Elsewhere, Wells Fargo noted only 13 companies have withdrawn earnings guidance this season, fewer than expected in what it calls a “positive surprise.” Stocks such as Ford, Delta, and Snap were among those pulling forecasts.