#BTC $BTC
Bitcoin jumped more than 2% to around 80.500 , extending a rally that delivered a 20%+ gain in just three days last week. More than $4 billion in bearish crypto positions were liquidated along the way.
U.S. spot Bitcoin ETFs attracted $1.92 billion last week, their biggest weekly haul since October. Improving liquidity, lower yields and stronger risk appetite are helping, while rising stablecoin supply suggests there’s more crypto buying power waiting on the sidelines.
Options traders are increasingly betting on gains further into the future, while Fundstrat argues the rally looks more durable than a simple short squeeze. And Strategy hasn’t bought Bitcoin for two weeks—meaning a return of corporate buying alongside strong ETF demand could add another catalyst.
Stock Market Update
📉💻 Wall Street’s tech rally hit a speed bump Monday as chip stocks slid, outweighing some relief from lower Treasury yields. The S&P 500 slipped 0.28% to 7,652.86, the Nasdaq 100 fell 0.97% to 29,023.18, while the Dow dodged the trouble, adding 0.26% to 53,417.16. Micron sank 5.8%, AMD lost more than 3% and Broadcom fell over 2%.(2) Someone forgot to reboot the chips. 🔌😬
Bitcoin jumped more than 2% to around 80.500 , extending a rally that delivered a 20%+ gain in just three days last week. More than $4 billion in bearish crypto positions were liquidated along the way.
U.S. spot Bitcoin ETFs attracted $1.92 billion last week, their biggest weekly haul since October. Improving liquidity, lower yields and stronger risk appetite are helping, while rising stablecoin supply suggests there’s more crypto buying power waiting on the sidelines.
Options traders are increasingly betting on gains further into the future, while Fundstrat argues the rally looks more durable than a simple short squeeze. And Strategy hasn’t bought Bitcoin for two weeks—meaning a return of corporate buying alongside strong ETF demand could add another catalyst.
Stock Market Update
📉💻 Wall Street’s tech rally hit a speed bump Monday as chip stocks slid, outweighing some relief from lower Treasury yields. The S&P 500 slipped 0.28% to 7,652.86, the Nasdaq 100 fell 0.97% to 29,023.18, while the Dow dodged the trouble, adding 0.26% to 53,417.16. Micron sank 5.8%, AMD lost more than 3% and Broadcom fell over 2%.(2) Someone forgot to reboot the chips. 🔌😬