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Crypto

Bitcoin posts biggest monthly gain in a year; S&P 500 hits record high

Bitcoin rose about 11.9 percent in April, posting its biggest monthly gain in a year. It ended April above $76,000 and was trading around $79,000 on May 4. U.S. stocks moved more strongly, with the S&P 500 hitting a fresh intraday record near 7,220 points, helped by better-than-expected results from Google and Apple. Traders cited mixed technical signals for bitcoin, including resistance around the 21-week EMA and potential tests of mid-$60,000 support.

AI & Enterprise

Big Tech AI investment set to top $650 billion; bitcoin and tech stocks under pressure despite strong earnings

Quarterly results from Meta, Microsoft, Amazon and Alphabet beat market expectations, but investors focused on the scale of future AI spending. Industry talk has put their combined 2026 capital expenditure at more than $650 billion. Meta and Microsoft fell in after-hours trading on higher capex guidance and AI infrastructure costs, while Alphabet rose on cloud strength. Analysts cited growing concern about payback timing, with spillover to bitcoin as its correlation with the Nasdaq 100 rises.

Crypto

21Shares CIO says bitcoin could reach $100,000 by year-end if ETF inflows persist

Money is flowing back into spot bitcoin exchange-traded funds, accelerating the expansion of bitcoin investment by traditional finance, the article said. 21Shares CIO Adrian Fritz said nearly $2 billion has gone into spot bitcoin ETFs since the start of the year, signaling returning confidence among traditional investors. He said liquidity concerns are easing as daily bitcoin trading volume exceeds $50 billion. Fritz also warned oil above $100 a barrel could pressure risk assets, but said bitcoin could move toward $100,000 by year-end if conditions align.