Evening digest: Bitcoin reclaims $90K, chip stocks surge, Amazon layoffs

Evening digest: Bitcoin reclaims $90K, chip stocks surge, Amazon layoffs

Risk appetite roared back into markets as investors piled into chips, hard assets, and crypto on a potent mix of earnings, policy signals, and currency chaos. Semiconductor stocks ripped higher on ASML’s order shock and SK Hynix’s record profits, while Big Tech slashed jobs to fund an AI arms race. A collapsing dollar sent gold […]

Bitcoin Price Analysis: What Does BTC Need to Decisively Reclaim $90K?

Bitcoin remains in a sensitive transition phase where higher-timeframe structure is still corrective, while lower-timeframe price action shows signs of stabilization. Recent rebounds have improved short-term sentiment, but the market has yet to deliver the kind of impulsive strength required to confirm a broader bullish continuation. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, BTC continues to trade below both the 100-day and…

China Stocks Nudge Higher As Global Chip Rally Signals Sector Tailwind

Chinese equities edged up on Wednesday, with the Shanghai Composite posting a small gain and the Shenzhen market also closing higher. The modest rise follows strength in global semiconductor stocks, which are increasingly setting the tone for broader equity markets. ASML led the momentum after announcing record quarterly orders, driven by demand for its advanced lithography machines used in AI chip production. The company’s decision to increase …