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- 🚀 Bitcoin racing towards $100k
🚀 Bitcoin racing towards $100k
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Market Overview
Read time 1.4 minutes
Year To Date Performances:
Dow Jones | 43,733.71 | 15.96% |
S&P 500 | 5,927.65 | 24.98% |
Nasdaq | 18,886.22 | 27.90% |
Russell 2000 | 2,361.18 | 17.31% |
TSX | 25,279.11 | 21.11% |
Bitcoin | $97,206.28 | 129.85% |
Ethereum | $3,331.57 | 45.96% |
US to Canadian Dollar | $1.40 | 5.47% |
Bitcoin surged past $98,000 for the first time, rallying over 130% year-to-date on optimism that a potential Trump presidency could herald favourable crypto regulations and even a national Bitcoin reserve. Traders' exuberance in the futures market, short liquidations exceeding $100 million, and consolidation breakouts propelled the cryptocurrency toward the psychological $100,000 mark. Analysts view this milestone as a key test of momentum, while broader macroeconomic factors like potential inflation and U.S. dollar shifts add fuel to Bitcoin’s bull run.
Nvidia reported a stellar 94% year-over-year revenue increase to $35.08 billion for Q3, surpassing expectations, but its shares whipsawed as investors grappled with slowing growth compared to previous quarters. Despite dominating the AI chip market and gearing up for the high-demand Blackwell GPU launch, analysts warned that “insane” GPU demand has become the baseline expectation, raising concerns about Nvidia’s sustainability at current earnings levels. While excitement remains high, the stock faces risks of cooling momentum in coming quarters.
Snowflake shares soared over 30% on Thursday—their best day since the 2020 IPO—after beating fiscal Q3 earnings and revenue expectations. The data analytics firm reported a 28% YoY revenue rise to $942 million and raised its fiscal 2025 product revenue forecast to $3.43 billion, signaling 29% growth. While Snowflake's net loss widened, it highlighted efficiency-focused measures and partnership wins, including deals with Anthropic and a federal-sector acquisition. The stock surged as investors cheered its steady customer growth and promising federal market potential.
Headlines
Marjorie Taylor Greene will lead a new House subcommittee working with the Department of Government Efficiency to help implement their recommendations.
The International Criminal Court has issued arrest warrants for Hamas and Israeli officials, including Israeli Prime Minister Benjamin Netanyahu.
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Onwards and Upwards,
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