Wall Street will closely watch the streamer's ad-supported subscriber numbers. Bitcoin hits a new high ahead of Trump's inauguration. TikTok restores U.S. service after going dark.

Bitcoin ( BTC 1.30%) had a phenomenal year in 2024. The cryptocurrency returned 119%, easily outperforming the 23% gain in the S&P 500 (SNPINDEX: ^GSPC), which itself is commonly seen as a barometer for the overall U.S. stock market. In fact, only five stocks in the S&P 500 created more wealth than Bitcoin last year.

What's been the most important driver behind the continued bull market? A good case can be made that it's artificial intelligence (AI). Each member of the so-called "Magnificent Seven" stocks is heavily focused on AI.

The selling pressure on Bitcoin (BTC) may already be easing up after its price recovered above the $94,000 mark.

“Global markets rallied last night after a weaker-than-expected CPI report eased fears of rising inflation. BTC jumped 4.13% to a high of $100.8K before stabilising just below the $100K milestone,” trading firm QCP Capital summarized in a post to Telegram channel subscribers.

Price drops reflect anxieties over fewer rate cuts, unsettling traders across cryptocurrency and broader finance.

Palantir Technologies (NASDAQ:PLTR) shares surged 283% in 2024, leading the S&P 500 toward its second year of 20%+ gains. Indeed, one could make the argument that Palantir’s rise is indicative of the broader market sentiment right now.

Bitcoin (CRYPTO:BTC) prices briefly dipped below $90,000 early on Monday, its lowest level in two months, as the likelihood of further cuts in interest rates by the Federal Reserve in 2025 roiled assets everywhere.

Discover how the Wall Street Pepe ($WEPE) presale surged past $47M after raising another $2M over the weekend.

Veteran Wall Street investor Raoul Pal reveals that Bitcoin price recovery could follow as global M2 money supply expands similar to 2016-17.

Wall Street strongly rebounded on cooling inflation data and solid earnings results from the financial sector.