Daily Recap: US stocks weaken with divergence, crypto shows slight resilience; geopolitical rates are dragging everything

Recently, global markets have been especially tangled: on one side, the Middle East situation keeps tightening and easing; on the other, expectations of further rate hikes from the Federal Reserve remain high. US stocks and virtual currencies have fully split in their performance.

Overnight US stock closes were clearly divergent. The Dow edged higher, while the Nasdaq slid 0.64%. The tech AI sector was a drag across the board. After the prior-day plunge in the seven major tech giants, the next day saw nearly $800 billion in market value evaporate. Tesla, Nvidia, and Micron chips all dropped sharply. Even if Intel’s earnings beat expectations, the stock price still popped up and then fell back. The core reason is an oil-price rebound, which revives inflation worries. The market is betting that the Fed is very likely to hike rates again by year-end, and high-valuation growth stocks continue to be sold off by capital. The good news is that there were reports that various parties are working to restart negotiations between the US and Iran. Oil prices dipped slightly, and only then did the broader market stabilize near the close without a deeper selloff.

Turning to the crypto market, it’s been more resilient than US stocks. Bitcoin stays tightly rangebound around $65,000, with only a small day-over-day pullback, and the week overall is still slightly up. Ethereum edged weaker, and altcoins fell more sharply. Capital is still clustering around the major coins. In the near term, Bitcoin spot ETFs briefly saw inflows again, supporting the bottom of the price. But crypto regulatory legislation is progressing slowly, plus US Treasury yields remain elevated. Without big capital to push, it’s hard to break through the $67,000 resistance level in the short run. What’s interesting is that US stocks’ crypto-related shares rebounded slightly, forming an inverse move compared with AI chips.

Let me be blunt: whether you’re trading stocks or crypto, don’t act blindly right now. US stocks still have room to adjust—especially high-end AI and chip names—so it only makes sense to watch companies with solid fundamentals. For crypto, hold Bitcoin and Ethereum with a light position; altcoins come with extremely high volatility risk. Geopolitical conflict and rate-policy moves can disrupt the market at any time. For now, it’s safer to avoid chasing highs and keep position sizes under control.
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