đ° Bitcoin Rockets Past $120K! đ
Bitcoin surged past $120,000, driven by a wave of institutional ETF inflows and legislation momentum during “Crypto Week.” This historic leap reflects growing investor trust in digital assets as mainstream finance warms up to crypto (FT New York Post+4Financial Times+4AInvest+4, Bloomberg Bullion Exchanges+3Bloomberg.com+3New York Post+3).
đïž Top 5 Stories
1. U.S. Crypto Week Spurs Institutional Trust âïž
Congress advanced the CLARITY Act and related bills. Big banks, including Bank of America and Citi, are testing stablecoinsâproof that crypto is going mainstream (Reuters ).
2. Nvidiaâs AI Chips Hit China đ
The U.S. has approved resuming Nvidiaâs H20 AI chip exports to China, marking a big move in tech diplomacy. Shares jumped ~5%, while commentary framed it as a âmonster winâ for U.S.-China tech ties (Reuters AP News+13Reuters+13New York Post+13, BI New York Post+9Business Insider+9Vox+9).
3. Patterns in Tariffs Rattle Bonds & Yields
Treasury yields soared above 5% as new tariff threats hinted at rising consumer costs. U.S. yields were up, but equity markets remained choppy (Reuters Reuters+1Reuters+1).
4. Real Estate Stays Cool at High Rates đĄ
Mortgage rates are holding at around 6.8%, but demand remains solid. Both residential and commercial markets continue to show resilience amid elevated borrowing costs (Forbes Forbes+1NerdWallet+1, NerdWallet NerdWallet).
5. Gold & Dollar: Classic Safe-Havens
Spot gold rose ~1% to $3,356, and the U.S. dollar ticked higher on tariff jittersâtraditional hedges making their comeback (Reuters Reuters+15Reuters+15Reuters+15).
đ Top 5 Moving Tickers
| Ticker | Company/Asset | Move |
|---|---|---|
| BTC | Bitcoin | +5â7% |
| NVDA | Nvidia | +5.2% |
| XOM | ExxonMobil | +3% |
| ASML | ASML Holding | â3% |
| BAC | Bank of America | +2% |
đŹ Quote of the Week
âThere is still a lot of money sidelined and waiting to be deployed.â
â Mauricio Di Bartolomeo on Bitcoinâs rally (Reuters )
đ§ Investor Takeaway
Crypto is shining, semiconductors are surging, bonds are unpredictable, and real estate holds steady. A diversified mix of innovation (crypto, AI) and defense (bonds, gold, real estate) keeps portfolios resilient and fun.
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