Today’s Market Recap | Celebrating and Freezing at the Same Time, the Current Landscape Deserves Attention from Everyone

U.S. stocks surged across the board:
Micron jumped 19.3% in a single day, successfully entering the trillion-dollar market cap, with investment banks continuing to be bullish; combined with the implementation of billion-dollar quantum computing subsidies, quantum concept stocks soared. Semiconductors and AI hardware became the main themes, with funds flocking to the hard technology sector.
At the same time, small-cap stocks hit new highs, liquidity began to spread, and the characteristics of a late-stage bull market became more apparent. However, institutions also warned that by 2027, tech giants’ capital expenditures might slow significantly, and this high-growth AI cycle is nearing its end.
Crypto Market Continues to Weaken:
Despite macroeconomic conditions being fully favorable to risk assets—geopolitical conflicts, falling oil prices, new highs in U.S. stocks—BTC has remained trapped in the 76,754-77,267 range, unable to break through the 78,000 resistance for two weeks.
BTC ETF has experienced net outflows for six consecutive days, and its gains this year have turned negative. The narrative of crypto as an “alternative asset” is losing effectiveness. Currently, funds have more options like AI, quantum, and top-tier tech IPOs, causing crypto to lose its original appeal.
Other Market Movements:
Oil prices fell sharply, gold’s safe-haven attribute has completely failed, with a total decline of 15% since the start of the conflict. The Federal Reserve’s new chair signaled plans to cancel forward guidance, increasing market uncertainty, and long-duration assets are under pressure.
Personal View:
Historically, the peak of AI hype often coincides with the bottoming of crypto valuations. Currently, crypto is in a structurally undervalued zone, still weak in the short term, but contrarian opportunities are brewing in the second half of the year.
#BTC #Crypto Market #美股行情 #AI Sector