Bitcoin's Rollercoaster Ride: Record Highs and Tumbling Markets

Wall Street experienced volatility as major indices and tech stocks tumbled, with Tesla and Apple among the losers, while Bitcoin surged to a record high before dropping 6%, reflecting profit-taking behavior. Mixed signals were seen in economic data, with lower-than-expected expansion in ISM Services PMI and sharp decline in factory orders. Treasury yields dipped as investors considered potential Federal Reserve interest rate cuts, leading to gains in long-dated Treasuries. Gold rallied, while New York Community Bancorp and Target Corp rose after positive news, and companies like Albemarle Corp and GitLab Inc. saw declines.