Stephen Alpher

It was October 10, 2025, when bitcoin plunged from about $122,000 to $105,000, with much of the decline occurring within minutes.

"Bitcoin feels like the CD in the age of Spotify, the DVD in the age of Netflix," wrote Jason Calacanis.

This morning's report will be key as the Fed considers whether to raise interest rates at its September policy meeting.

It's the first week of bitcoin purchases for the Michael Saylor-led company in about two months.

"Bears in pain, right now," wrote bitcoin analyst James Check.

Profit-taking after bitcoin's $65,500 monthly high combined with fresh Iranian strikes on U.S. bases sent crypto lower, with bears leading price action across most tokens.

It's a sign of the times as the troubled company swaps its bitcoin treasury ambitions for AI data centers.

This morning's data could slow market expectations for a Fed rate hike as soon as this summer or early Fall.

The price of crude oil is tumbling, and U.S. stock futures are moving higher.

"An Agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other Countries," wrote President Trump late Saturday afternoon.