Bitcoin Breaks $109K, Tesla Rallies, Robinhood Launches Tokenized Stocks
Markets opened July with momentum as crypto made headlines and tech stocks bounced back from recent volatility. From Bitcoin’s sharp rally to Robinhood’s tokenized stock rollout, here’s a full breakdown of the top financial stories today.
Bitcoin surged past $109,000 after new inflows into ETFs and bullish political momentum. The recent endorsement of digital assets by former President Trump, along with the U.S. Strategic Bitcoin Reserve initiative, has driven a flood of institutional interest. Ethereum, Solana, and DeFi tokens also posted solid gains, with names like StormX and Humanity Protocol up over 100% in the last 24 hours.
Robinhood shares jumped over 13% after the company launched its new tokenized U.S. stocks and ETFs platform across the EU. The blockchain-based rollout marks a significant move into the digital assets space, making traditional equities tradeable 24/7. Investors are now watching for regulatory responses from the SEC and other U.S. bodies.
Tesla delivered 384,000 vehicles in Q2, down 14% year-over-year, but shares moved higher as focus shifted to the company’s upcoming robotaxi event in Austin. Analysts and investors are betting on autonomous revenue streams as a long-term bullish thesis. Since bottoming around $101.81, TSLA has surged over 379%, recently hitting a 52-week high of $488.54 off the bullish-long all in VipLiveAlerts-Pro buy signals.
Microsoft announced 9,000 job cuts across non-AI business units, representing its largest layoff since early 2023. The company stated the moves are necessary to reallocate resources into AI infrastructure and product development. The stock was slightly lower as investors weighed the short-term impact of the restructuring.
Apple was upgraded to “hold” by Jefferies, citing strength in China and long-term AI upside. However, the firm flagged growing risks related to tariffs and ongoing supply chain pressure. Apple shares rose modestly during the session and remain up more than 15% year-to-date.
The crypto market saw a wave of altcoin momentum. Ethereum and XRP both moved higher, while excitement built around the first Solana staking ETF set to launch later this month. Coinbase also announced a listing for Wormhole (W), further highlighting cross-chain integration themes in the market.
The S&P 500 has now recovered more than 5% year-to-date, with analysts citing continued strength in tech and healthcare. This was one of the quickest recoveries from a 15%+ drop in history. Technicals are bullish—such as the recent “golden cross” (50-day surpassing 200-day average), which historically leads to further gains in ~73% of casesMacro risks remain, including potential new tariffs, elevated inflation, and political uncertainty heading into Q4.
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Disclaimer: This content provides informational insights. Always conduct independent research before making investment decisions. Past performance is not indicative of future results.