Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Nasdaq soars 6% for the week as Bitcoin eyes $100k retest

Nasdaq soars 6% for the week as Bitcoin eyes $100k retest

Crypto.NewsCrypto.News2025/04/24 16:00
By:By Jayson Derrick

Stocks ended the week on a strong note, with the S&P 500 and Nasdaq Composite posting solid gains despite ongoing uncertainty around global trade.

The S&P 500 gained 0.5% to close the week, while the Nasdaq added 0.9%. However, the Dow Jones Industrial Average lagged behind other indices, recording a small 47-point, or 0.1%, decline.

Google’s parent company, Alphabet, appeared to have boosted investor confidence after topping first-quarter earnings estimates. Notably, revenue of $90.23 billion and earnings per share of $2.81 beat estimates of $89.12 billion and $2.01 per share, respectively.

Tesla surged nearly 10% as investors seemed to turn bullish after CEO Elon Musk said he would step away from his DOGE role at the U.S. government. The Department of Transportation also released new self-driving car rules that favor Tesla.

A solid week

The S&P 500 climbed more than 4% on the week, and the Nasdaq soared over 6%. The Dow, again, lagged its rival indices but still finished 2% higher for the week. Bitoin ( BTC ) recorded its best week since November, as it looks poised to retest the $100,000 level in the coming days.

Investors have been navigating volatile headlines on trade all week. Conflicting messages from President Donald Trump and Chinese officials mean there is still little clarity over how trade wars will progress. Trump alternated between touting potential trade deals and doubling down on tariff threats.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

XRP to ETH Move Yields 600% Profit Boost

A timely switch from XRP to ETH leads to 600% gains as XRP dips and ETH rises. Here's the full story behind this strategic move.Ethereum Gains While XRP SlidesWhy Timing and Analysis Matter

Coinomedia2025/06/05 01:56
XRP to ETH Move Yields 600% Profit Boost

Unstaked Shatters Expectations With $9M Raised in a Few Weeks! Monero Flashes Overbought Warning & SUI Tests Support

Explore how Unstaked hits $9M in presale while Monero’s chart flashes caution and Sui’s price trend holds firm. Full breakdown inside.Monero (XMR) Technical Overview: Overbought Readings Raise CautionUnstaked Presale Jumps to $9M as its AI Features Go ViralFinal Thoughts!

Coinomedia2025/06/05 01:56
Unstaked Shatters Expectations With $9M Raised in a Few Weeks! Monero Flashes Overbought Warning & SUI Tests Support

Vitalik Buterin Admits Bitcoin Holds Key Advantages Over Ethereum in Certain Areas

In a rare moment of open critique, Ethereum co-founder Vitalik Buterin acknowledged that while Ethereum leads in some critical areas, Bitcoin remains ahead in several foundational aspects of blockchain technology.

DeFi Planet2025/06/05 00:16
Vitalik Buterin Admits Bitcoin Holds Key Advantages Over Ethereum in Certain Areas

Truth Social Files Bitcoin ETF Application

Theccpress2025/06/04 23:32
Truth Social Files Bitcoin ETF Application