Significant changes have taken place in the financial markets, including NVIDIA's historic market cap and Bitcoin's ascent towards $112K.
Fed Minutes: Policymakers Divided on Interest Rate Outlook
The Federal Reserve meeting minutes revealed divisions among policymakers regarding the interest rate outlook, with some participants arguing that tariffs would cause a one-time price increase without affecting long-term inflation expectations, while most suggested a more sustained impact on inflation.
NVIDIA Breaks $4 Trillion Mark
NVIDIA's stock surged, marking the first time in history the company exceeded a $4 trillion market cap. The stock has risen over 1,000% since early 2023, contributing to a significant increase in its weight within the S&P 500.
Bitcoin Challenges $112K
Bitcoin once again spiked, reaching $111,999, surpassing its prior high of $111,980 from May 22. The crypto market saw $514 million liquidated in positions over 24 hours, with Bitcoin accounting for $231 million of that total.
The recent events in the markets indicate ongoing investor interest in large-cap stocks and cryptocurrencies, despite potential risks associated with tariff changes and future economic conditions.
