Stock market and economic growth are hanging by a thin thread of capex “stimulus” from a handful of companies. And if AI is a bubble, the economy could very well pop with it.
Bitcoin price just hit an all-time high at $124,688 and is now worth over $2,47 trillion. As Wall Street debates whether it’s a risk-on or risk-off asset, BlackRock says it’s something else entirely.
The next leg up in gold prices could come from private investor FOMO as part of the classic feedback loop of higher prices, louder headlines, more demand, and back to higher prices again.
“Too soon to declare the ‘all clear,’ the market will likely remain volatile and idiosyncratic,” says Lisa Shalett, Chief Investment Officer at Morgan Stanley
From financial advisor surveys and money flows to Wall Street’s recent investments, a mounting pile of data points to a major ideological shift about Bitcoin at an institutional level—one that goes beyond empty talk.
If confirmed, Bessent could act as a catalyst for a crypto and bitcoin price boom by helping to establish a clear regulatory framework for digital assets.
Bitcoin price bounced back early Tuesday morning while Ethereum is up 3.3%, Avalanche 8.4%, Dogecoin gained 35.1%, Shiba Inu added 2.5%, BNB rose 1.1%, and XRP saw a 9.9% bump.
Bitcoin’s price is down 2.3% while the Ethereum price lost 1.8%. Altcoins are a mixed bag: Solana shed 3.1% off yesterday’s highs, Dogecoin 3.6%, Shiba Inu 2.5%, BNB 2.2%, and XRP 0.8%, while Cardano added 0.3%
Bitcoin's price is up 3.3%, while the Ethereum price added 3.2%. Most altcoins followed suit. Cardano price is up 2.7%, Solana 2.3%, Dogecoin 2.2%, Shiba Inu 2.3%, BNB 1.2%, and XRP 2.1%.