CZ Breaks Silence: Binance Founder Speaks Out After Gold’s Plunge and Bitcoin’s Epic Rally!
Just when traditional markets thought they had the upper hand, crypto's biggest player steps back into the spotlight.
The Gold Slump Meets Crypto Surge
While gold investors watched their portfolios tumble, Bitcoin was busy printing new believers. The timing couldn't be more poetic - just as the old guard stumbles, digital assets prove their resilience yet again.
CZ's Calculated Return
The Binance founder's re-emergence signals more than just market commentary. It's a reminder that when traditional finance wobbles, crypto leaders don't just watch from the sidelines - they build during the chaos.
Because nothing says 'stable store of value' like a metal that crashes while decentralized networks keep innovating. Welcome to the new financial era - where code outpercomes commodities every time.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The 30-stock blue-chip index gained a total of 218 points, or 0.47%, on the day to finish at a record close. KO stock increased 4% while MMM stock ROSE 8% after each company reported third-quarter financial results that beat Wall Street’s expectations.
However, while the Dow hit a new all-time high, the benchmark S&P 500 closed flat on the day, finishing trading up a slight 0.22 points. The technology-heavy Nasdaq ended the day in the red, falling 0.16% or 36 points.
Other Gainers
In addition to Coke and 3M, the stock of automotive giant General Motors (GM) soared 15% after it also posted an earnings beat and raised its full-year guidance while simultaneously lowering its estimated impact from U.S. President Donald Trump’s tariffs.
Zions Bancorp’s (ZION) stock closed up 2% after the regional bank reported third-quarter profits that rose from a year ago, despite the disclosure of some bad loans late last week that sparked investor concerns. On the flipside, many leading technology stocks, including Nvidia (NVDA), closed down on Oct. 21 amid ongoing concerns about trade tensions between the U.S. and China.
Google parent company Alphabet’s (GOOGL) stock fell 2% after rival OpenAI unveiled a new artificial intelligence-powered internet browser designed to compete against the Google Chrome search engine.
Is the SPDR S&P 500 ETF Trust a Buy?
The SPDR S&P 500 ETF Trust (SPY) currently has a Moderate Buy rating among 504 Wall Street analysts. That rating is based on 419 Buy, 78 Hold, and seven Sell recommendations issued in the last three months. The average SPY price target of $753.46 implies 12.21% upside from current levels.
