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Only a week after experiencing a dreaded death cross, and subsequently seeing its value fall to less than $81,000, Bitcoin is showing some signs of recovering. On Monday, BTC’s price topped $89,000, and as of early Tuesday, are hovering around $87,500. To be clear, the slump is far from overthe coin saw its price top $124,000 just last monthand no one can predict what will happen next, but it’s a clear upswing in momentum. All told, when Bitcoin bottomed out at $81,000, it had fallen around 35% off its high. There were several reasons for the selloff, including outflows from large institutional investors and broader economic uncertainty, among other things. It was a wipeout of around $1 trillion in market value. Sentiment may be on the upswing As for this week, its anyone’s guess how much momentum the cryptocurrency will have, but investors appear to be felling a little better. The Crypto Fear and Greed Index from CoinMarketCap, a sentiment indicator for the crypto market, was at 15 on Tuesday. Thats still in the extreme fear portion of the spectrum, but it’s up from low pint of 10, where the index was on November 21. For context, the index hit a high point for 2025 back in May, tallying a 76 and putting it in the greed spectrum. At the time, BTC was trading for around $111,000. So there has been a wild swing in both momentum and sentiment within the past six months. And though Bitcoin has regained its footing a bit over the past week, the question is whether that momentum can be sustained and if values can start pushing back toward all-time highs. What’s next for crypto? Perhaps the next catalyzing moment for the crypto market will come after the Federal Reserve’s December meeting next month. The Fed will meet on December 9 and decide whether to cut interest rates further or hold steadya decision that has been made more difficult by a lack of economic data (such as jobs reports) in recent months due to the government shutdown. The Fed and its chair, Jerome Powell, have been trying to balance concerns about persistent inflation and a weakening labor marketand doing so without data has it flying blind. Despite that, the odds of a rate cut appear to be the rise, and another cut could spur investors to put more money in stocks and the crypto markets. This story is developing…
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E-Commerce
European and Asian shares mostly gained on Tuesday after U.S. stocks rallied on hopes the Federal Reserve will cut interest rates soon.The futures for the S&P 500 and the Dow Jones Industrial Average slipped 0.1%.Germany’s DAX edged 0.1% lower to 23,216.76 and the CAC 40 in Paris added 0.1% to 7,965.77. Britain’s FTSE 100 likewise gained 0.1%, to 9,542.55.In Asian trading, Tokyo’s Nikkei 225 picked up 0.1% to 48,659.52 as a plunge in technology giant SoftBank’s shares weighed on the market. It fell 10.3% on concerns that returns from its heavy investments in OpenAI may be threatened by the next generation Gemini artificial intelligence model that Google launched last week.In South Korea, the Kospi gained 0.3% to 3,857.78. Taiwan’s Taiex jumped 1.5%.Chinese markets also advanced. In Hong Kong, the Hang Seng climbed 0.7% to 25,894.55, while the Shanghai Composite index jumped 0.9% to 3,870.02.E-commerce giant Alibaba, which was due to report its earnings late Tuesday, gained 2.1% in Hong Kong.Australia’s S&P/ASX rebounded to edge 0.1% higher, closing at 8,537.00.U.S. markets will be closed on Thursday for the Thanksgiving holiday. A day later, it’s on to the rush of Black Friday and Cyber Monday.The U.S. stock market rallied on Monday, at the start of a week with shortened trading because of the Thanksgiving holiday.The S&P 500 climbed 1.5% in one of its best days since the summer. The Dow Jones Industrial Average rose 0.4%, and the Nasdaq composite jumped 2.7%.Stocks got a lift from rising hopes that the Fed will cut its main interest rate again at its next meeting in December, a move that could boost the economy and investment prices.The market also benefited from strength for stocks caught up in the artificial-intelligence frenzy. Alphabet, which has been getting praise for its Gemini AI model, rallied 6.3% and was one of the strongest forces lifting the S&P 500. Nvidia rose 2.1%.Monday’s gains followed sharp swings in recent weeks, not just day to day but also hour to hour, caused by uncertainty about what the Fed will do with interest rates and whether too much money is pouring into AI and creating a bubble. All the worries are creating the biggest test for investors since an April sell-off, when President Donald Trump shocked the world with his “Liberation Day” tariffs.Despite all the recent fear, the S&P 500 remains within 2.7% of its record set last month.Several tests for the market lie ahead this week. One of the biggest will arrive Tuesday when the U.S. government will deliver data on inflation at the wholesale level in September.Economists expect it to show a 2.6% rise in prices from a year earlier, the same as in August. A higher-than-expected reading could deter the Fed from cutting its main interest rate in December for a third time this year, because lower rates can worsen inflation. Some Fed officials have already argued against a December cut in part because inflation has stubbornly remained above their 2% target.Traders are nevertheless betting on a nearly 85% probability that the Fed will cut rates next month, up from 71% on Friday and from less than a coin flip’s chance seen a week ago, according to data from CME Group.In other dealings early Tuesday, U.S. benchmark crude oil lost 47 cents to $58.37 per barrel. Brent crude, the international standard, shed 49 cents to $62.23 per barrel.The dollar fell to 156.30 Japanese yen from 156.91 yen. The euro rose to $1.1534 from $1.1521.Bitcoin rose 1.6% to $86,836. It was near $125,000 last month. Elaine Kurtenbach, AP Business Writer
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E-Commerce
Shares in Alphabet Inc (Nasdaq: GOOG), the company better known as Google, are rising again in premarket trading today. The stock is currently up by more than 4% following yesterday’s rise of 6.2%. If those gains hold, Google could be set to become the worlds next company with a $4 trillion market cap today. Heres what you need to know. Why are GOOG shares rising? Shares in Alphabet have had a stellar run as of late. Yesterday, they rose more than 6.2%. Over the past five days, they have been up more than 11.5%. Over the past month, they have jumped more than 22%. And over the past six months, they have been up more than 87%. And thats before todays further 4% gain in premarket trading. So why is Alphabet’s share price jumping recently, particularly over the past week? Theres one big reason: artificial intelligence. But the companys boost from AI is the result of two different factors. The first: Last week, Google released Gemini 3, its proprietary AI chatbot and LLM. Industry watchers and consumers have widely praised the model for its speed, performance, and capabilities, which, in many tests, have outperformed OpenAIs ChatGPT-5. Gemini 3s capabilities and Googles decision to quickly integrate it into Search helped spur the stock higher last week. But that isnt the only AI boost Google that has gotten recently. On Monday, the Information reported that Facebook owner Meta is considering using Googles AI chips in its data centers in 2027a deal that could be worth billions to Google. Googles AI chips are the companys tensor processing units (TPUs). Googles TPUs have been around for nearly eight years now, but, as CNBC noted, the company has recently begun designing them to handle AI tasks with efficiency in mind. Meta is one of the largest buyers of components that go into AI infrastructure, and Nvidia is the leading provider in supplying AI chips. If Meta is considering opting for Googles TPUs over Nvidias AI chips, it suggests the company has confidence that Googles chips are more than suitable for powering its data centers. If thats the case, Google could be set to become a serious competitor to Nvidia in the AI hardware race. Indeed, Google investors seem to be celebrating that this morning. Fast Company reached out to Google and Meta for comment. Google could become the next $4 trillion company As of yesterdays market close, Alphabet had a market cap of roughly $3.84 trillion, making it the third-most valuable company after Nvidia and Apple, both of which are currently valued at more than $4 trillion. But already in premarket trading this morning, GOOG shares have risen by more than 4%. The companys share price needs to rise by just under 5% over yesterdays close to reach a market cap of $4 trillion. If it does that, Google would become just the fourth company to ever reach that milestone, following Nvidia, Microsoft, and Apple. (Microsofts valuation has currently sunk back below $4 trillion). Given that Googles stock price is already up around 4% in premarket this morning, it’s possible, but not guaranteed, that the search giant could cross the $4 trillion market cap before markets close today. Google is the best-performing Magnificent 7 stock of the year so far Google hasnt had just a great run as of late. When you look back at the companys stock price performance since 2025 began and compare it to the other companies in the Magnificent 7, Google is far and away the best-performing stock in the group so far this year. As of yesterdays closing price of $318.47 per share, GOOG shares were up over 87% since the year began. Heres how that compares to the other Magnificent 7 stocks: Alphabet Inc. (Nasdaq: GOOG): up 87.79% year to date (YTD) NVIDIA Corporation (Nasdaq: NVDA): up 35.94% YTD Microsoft Corporation (Nasdaq: MSFT): up 12.46% YTD Apple Inc. (Nasdaq: AAPL): up 10.18% YTD Meta Platforms, Inc. (Nasdaq: META): up 4.70% YTD Tesla, Inc. (Nasdaq: TSLA): up 3.45% YTD Amazon.com, Inc. (Nasdaq: AMZN): up 3.14% YTD Investors will be keenly watching where Googles stock price goes from here. Its impossible to predict which direction that will be, but as of this writing, GOOG is so far the clear winner as far as stock price gains go among the Magnificent 7 in 2025.
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E-Commerce
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