Summary:
Cooling inflation and strong corporate earnings fueled optimism across risk assets, with Bitcoin rebounding alongside equity markets led by AI-driven tech stocks. Softer inflation data pushed Treasury yields and the dollar lower, while gold retreated as investors took profits. In digital-asset treasuries, MicroStrategy’s growth concerns contrasted with renewed institutional enthusiasm for Metaplanet, Bitmine, and Galaxy Digital. Bitcoin miners gained traction from AI-infrastructure pivots and institutional inflows, led by TeraWulf, CleanSpark, and Iren. Among major tokens, Solana, Jupiter, and Virtuals outperformed on ecosystem growth, while Tron and Ethena showed mixed sentiment amid DeFi rotation.

Macro

Bitcoin: Bitcoin rebounded on cooling inflation and ETF inflows, but traders remain cautiously optimistic.

S&P 500: Strong corporate earnings from GM and Apple drove major index gains, offsetting weakness in select industrials.

Nasdaq: AI-linked tech stocks like Nvidia and Alphabet powered Nasdaq strength despite weakness in software names.

Dollar Index: The dollar edged lower on soft inflation and strong euro data, while yen and sentiment shifts capped gains.

Gold: Gold pulled back as investors took profits following its safe-haven rally.

Treasury Yields: Yields dipped as softer inflation data fueled Fed-cut expectations and strong bond demand stabilized markets.

Digital Asset Treasury/Diversified Crypto

MicroStrategy: MicroStrategy’s slowing Bitcoin purchases and NAV compression raised concerns over growth momentum.

Market Updates