š Crypto Titans Surge: Bitcoin Breaks $100K, Ethereum & Solana Smash Records
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Digital assets explode as institutional money floods the market
Bitcoin's Historic Rally
BTC rockets past the psychological $100,000 barrierāup 15% in 24 hours as Wall Street finally catches up to what crypto natives knew years ago.
Ethereum's Defi Dominance
ETH surges 12% while Solana blasts 25% higher, proving Layer 1 competition remains fierce despite what the maximalists claim.
The Altcoin Avalanche
From Cardano to Polkadot, the entire ecosystem rides the wave while traditional finance executives scramble to understand the technology they once dismissed as a 'fraud.'
Meanwhile, your bank still pays 0.01% interestāif you're lucky.
Key Takeaways
- The major U.S. equities indexes rebounded Tuesday afternoon from earlier losses amid lingering worries about U.S.-China trade tensions.
- Intel shares slumped after a downgrade by Bank of America analysts.
- Walmart shares rose after the retailer announced a partnership with ChatGPT maker OpenAI.
The major U.S. equities indexes rebounded Tuesday afternoon from earlier losses amid lingering worries about U.S.-China trade tensions. The Dow and S&P 500 were slightly higher, while the tech-heavy Nasdaq was little changed.
Intel (INTC) shares dropped to lead losses on the S&P 500 and Nasdaq after a downgrade by Bank of America analysts to "underperform" from "neutral," saying the stock has climbed "too far, too fast" on Optimism about recent AI deals.
Arista Networks (ANET) shares also fell after Nvidia (NVDA) announced Meta Platforms (META) and Oracle (ORCL) will use its data center switches, increasing competition with those from Arista.
Shares of Coinbase Global (COIN) and other firms tied to cryptocurrencies sank along with the prices of digital coins.
Dominoās Pizza (DPZ) shares gained after the pizza delivery giant posted earnings and revenue that topped analysts' estimates as promotions and demand for its stuffed crust pizza boosted sales.
Shares of Wells Fargo (WFC) also climbed after the financial firm exceeded profit forecasts and boosted its profitability guidance as federal regulators lifted a cap on the bank's growth as punishment for a fake account scandal.
Walmart (WMT) shares ROSE after the biggest brick-and-mortar retailer said it is partnering with OpenAI to allow customers to buy goods from Walmart through ChatGPT.
Gold prices climbed to notch a fresh high above $4,100 an ounce. Crude oil futures slid. The yield on the 10-year Treasury note was slightly lower. The U.S. dollar gained on the pound, but lost ground to the euro and yen.Ā