AI Stocks Are Rising — But What Comes After the AI Boom? AI demand is still showing powerful momentum. Nvidia CEO Jensen Huang recently said he expects Nvidia to sell roughly twice as many chips next year, highlighting how aggressively companies are expanding AI computing capacity. But the bigger question is whether this spending can keep producing enough revenue and productivity to justify today’s valuations. The opportunity may extend beyond chipmakers. AI infrastructure, data centers, networking, power, cooling, cloud computing, cybersecurity and software could all benefit if AI adoption continues. At the same time, the risks are becoming harder to ignore: enormous capital spending, possible supply constraints, valuation pressure and questions about whether AI companies can generate sufficient returns on the infrastructure being built.
Crypto is trading with a risk-on tilt today, led by strength in BTC and several large-cap alts, while rotation is clearly favoring selective momentum sectors rather than the whole market moving in sync.
The most notable move is that leadership appears concentrated in majors and a few high-beta narratives, while weaker pockets are showing fading participation and softer follow-through.
The main thing to watch is whether this strength broadens across the market or stays narrow, because narrow leadership often signals cautious capital rather than a fully confirmed trend day.
BTC is trading at $62,596.01 right now, down about 0.7% over the last 24 hours. 24h open was $63,030.40, with a high of $63,302.88 and a low of $61,824.97.
A quick read: BTC is moving in a fairly tight daily range and is sitting below the 24h open, which suggests slightly weak short-term momentum for now.
The global cryptocurrency market cap now stands at $2.16T, down by 1.13% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $61,545 and $63,283 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $62,927, up by 1.58%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include SOXLB, THE, and NBISB, up by 24%, 24%, and 20%, respectively.
⚡ MiCA Takes Effect July 1, Leaving Crypto Derivatives Outside Its Scope
The European Union's Markets in Crypto-Assets (MiCA) regulation officially came into full effect on July 1, marking a significant step for crypto regulation in Europe. However, crypto derivatives currently remain outside its regulatory scope, leading to ongoing discussions about its reach and effectiveness.
📉 Bitcoin ETF Outflows Hit Record $4.5 Billion in June, Far Surpassing Strategy’s $1.25 Billion Bitcoin Raise
June saw a record $4.5 billion in net outflows from US spot Bitcoin ETFs, bringing year-to-date outflows to approximately $5.5 billion. This indicates a challenging month for institutional Bitcoin products, with BlackRock's IBIT being a notable exception in inflows.
📈 Mainstream Asset Performance (24h)
BTC: +2.7% — Bitcoin broke past the $60,000 mark, showing a positive rebound after earlier dips.
🔥 FHFA Orders Fannie Mae and Freddie Mac to Draft Plans to Consider Crypto in Mortgage Risk Reviews
The Federal Housing Finance Agency (FHFA) has instructed Fannie Mae and Freddie Mac to recognize cryptocurrency holdings in mortgage risk assessments. This directive could significantly impact the integration of crypto assets into traditional finance and housing markets.
⚡ Senate-Passed Housing Bill Includes Four-Year Ban on Fed-Issued CBDC Through 2030
A housing bill recently passed by the U.S. Senate and House includes a four-year prohibition on the Federal Reserve issuing a central bank digital currency (CBDC), extending through 2030. This legislative move signals a cautious approach by the U.S. government towards digital currency development.
📉 Bitcoin Drops Below $60,000, Faces First Back-to-Back Quarterly Loss Since 2018
Bitcoin has fallen below the $60,000 mark and is poised for a rare second consecutive quarterly loss, a trend seen only twice before in its history. This downturn is notable as Q2 is typically a strong period for Bitcoin.
📈 Mainstream Asset Performance (24h)
BTC: -1.5% — Bitcoin briefly dropped below $60,000, facing its first back-to-back quarterly loss since 2018.
ETH: -1.5% — Ethereum also saw a decline mirroring the broader market sentiment.
SOL: -1.0% — Solana experienced a slight dip, aligning with market corrections.