Market Brief – 24h
Bitcoin gained 1.46% but the session’s alpha lay in AI-exposed miners. Mining stocks rallied on multi-billion-dollar AI infrastructure deals and a pivot to cloud compute, per Cointelegraph, lifting sector sentiment. Altcoins outperformed broadly: INJ surged 5.14%, ADA +3.1%, HYPE +2.99%, ETH +2.2%, SOL +1.95%, XRP +1.79%. The standout laggard was US, collapsing 13.67%, while GPU dipped 0.59%. BTC +1.46%, ETH +2.2%, SOL +1.95%, USDC flat. Mining equities benefited from a sector rotation toward AI compute infrastructure, with multi-billion-dollar contracts driving a rerating. Broad altcoin strength contrasted sharply with the US token’s collapse.
U.S. Strikes Iranian Tanker and Military Sites as Hormuz Conflict Escalates
U.S. military strikes on Iranian targets have escalated conflict near the Strait of Hormuz, risking the global economy.
Ethereum rallies as U.S. CPI inflation slows to 3.5% – Details
Ethereum is rallying due to slowing U.S. CPI inflation and tightening institutional supply.
South Korea, Like Japan, to Classify Crypto as National Assets
South Korea plans to classify cryptocurrencies as national assets and pilot tokenized government bonds by 2027.
US Inflation Fell on Cheap Gas, But That Relief is Already Fading
US inflation saw a temporary slowdown due to cheaper gasoline, though rising crude prices may reverse these gains.
Today’s Top Stories: Bank Earnings, IBM Selloff, PayPal Takeover Buzz, and ASML’s AI Outlook
Major financial institutions including BlackRock and Morgan Stanley beat earnings expectations amid mixed corporate news.
Corning (GLW) Stock Plunges 8% Amid Executive Sales and Earnings Uncertainty
Corning stock fell 8% due to executive share sales and uncertainty surrounding upcoming earnings.
FOMC meets July 28–29 as stablecoin rulemaking deadline lands
Upcoming key dates include the stablecoin rulemaking deadline on July 18 and the FOMC rate decision on July 28–29.
Daily Market Update: Bitcoin Nears $65K and S&P 500 Rises as U.S. Inflation Data Reduces Rate Hike Fears
Bitcoin and Ether rise as lower-than-expected U.S. inflation data reduces fears of Federal Reserve rate hikes.
Why some Bitcoin investors may be waiting for a drop to $42.4k
Some Bitcoin investors are waiting for a potential drop to $42.4K before entering positions.
Trump’s Hormuz & Clarity Act Shoutouts Shake Up Prices
Comments from President Trump regarding the Hormuz situation have caused volatility and downward pressure on fragile markets.
Tesla Stock Earnings Setup Shifts After Major Delivery Beat
Tesla reported a significant beat in second-quarter vehicle deliveries and growth in energy storage deployments.
Bitcoin OG whale awakens after 7 years, moves $188M BTC: Is a sell-off coming?
A Bitcoin whale from seven years ago moved $188 million in BTC, sparking concerns about a potential sell-off.
Bitcoin panic-selling may be ending as sellers' profit margins disappear
Analysts suggest Bitcoin panic-selling may be ending due to renewed spot ETF inflows and disappearing profit margins for sellers.
Nvidia Stock Trails Chip Sector as AI Spending Reaches New Highs
Nvidia stock declined slightly despite high AI spending and positive long-term data center spending forecasts.
Nuburu (BURU) Stock Slides 11.95% Following $38M Public Offering Announcement
Nuburu shares fell nearly 12% following the announcement of a $38 million public offering to retire debt and fund an acquisition.
Strategy pauses its Bitcoin buying spree to hoard a massive $3 billion cash cushion
MicroStrategy has paused its Bitcoin purchases to maintain a $3 billion cash cushion for debt and dividend obligations.
Nuburu, Inc. (BURU) Stock: Drops as $38M Capital Raise Targets Debt Reduction and Acquisitions
Nuburu stock dropped after announcing a $38 million capital raise intended for debt reduction and the acquisition of Tekne S.p.A.
Bitcoin threatens $62K in risk-asset rout as Donald Trump says US will 'run' closed Hormuz Strait
Bitcoin faces downward pressure toward $62,000 amid geopolitical tensions between the US and Iran regarding the Hormuz Strait.
Western Digital (WDC) Stock Plunges 7% Amid SK Hynix Collapse and Memory Sector Turmoil
Western Digital and other memory sector stocks fell following a significant price collapse of SK Hynix in Asian trading.
Goldman Sachs (GS) Stock: What Wall Street Expects from Q2 Earnings Tuesday
Goldman Sachs is preparing to report its Q2 2026 earnings on July 14 with Wall Street expecting revenue growth.
Western Digital (WDC) Stock Falls 7% as Memory Sector Gets Rattled by SK Hynix Crash
Western Digital shares dropped over 7% due to a sector-wide selloff triggered by SK Hynix's steepest single-day decline.
Volkswagen Plans to Cut up to 100,000 Jobs as Cost Crisis Deepens
Volkswagen considers cutting up to 100,000 jobs to address a growing cost disadvantage compared to global rivals.
Greenback Surges to 2026 Peak as Mideast Turmoil Fuels Fed Hawkish Bets
The US dollar reaches 2026 peaks as Middle East turmoil and inflation concerns fuel expectations of Federal Reserve tightening.
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