Bitcoin Hits All-Time High Near $69K as Stock Market Slides

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Source: Yahoo Finance
Bitcoin Hits All-Time High Near $69K as Stock Market Slides
Photo: Yahoo Finance
TL;DR Summary

US stocks dropped, with Nasdaq leading the decline, as uncertainty over interest rate cuts and concerns about "Magnificent 7" stocks weighed on the market. Bitcoin briefly reached a new all-time high before tumbling 10%. Disney CEO Bob Iger is focused on turning around the business amid an ongoing proxy battle. Goldman Sachs doesn't see widespread euphoria in the market despite the surge in stocks. Target's earnings beat Wall Street forecasts, causing its shares to pop more than 10%.

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