Wall Street traders are preparing for the start of the high-risk large-cap stock earnings season, maintaining the stock market at historical highs. The crypto greed index remains in the 67 greed zone, with BTC returning to 120K, rising over 2% in 24 hours, while ETH slightly declined but remained above 3,700. Solana surpassed the $200 mark, with its market cap exceeding BNB and ranking among the top five cryptocurrencies.
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ToggleTesla and Alphabet Will Announce Financial Reports
Google's parent company Alphabet and Tesla will announce their financial reports in the early morning of Thursday Taiwan time, kicking off the earnings release of the "Seven Tech Giants". These large tech companies are expected to make significant contributions to this quarter's earnings growth.
Bloomberg industry research data shows that the seven giants are expected to have a combined earnings growth of 14% in the second quarter, while earnings for other U.S. stock benchmarks are expected to remain relatively flat.
Lauren Goodwin from New York Life Investment Company stated:
"Tech giants remain crucial to market health. We expect AI-driven companies to continue supporting the growth of the tech industry. Enterprise-level AI applications are continuously improving, but the application of this technology is just beginning to be tested."
Tariff Deadline Approaching on 8/1, Market Volatility Expected to Intensify
The market is also focusing on the latest tariff developments. U.S. President Trump announced an agreement with the Philippines, imposing a 19% tariff on Philippine export products. Canadian Prime Minister Carney tried to lower expectations of reaching an agreement within the next 10 days but said he hopes to stabilize relations with the United States.
U.S. Treasury Secretary Besent stated that he will hold the third round of trade negotiations with the Chinese Finance Minister in Stockholm next week, aiming to extend the tariff truce and expand the scope of negotiations.
Ulrike Hoffmann-Burchardi from UBS Global Wealth Management said:
"We expect market volatility to intensify before the August tariff deadline, with the Federal Reserve's independence and geopolitical uncertainties continuing to persist."
Crypto Market Remains Greedy, SOL Market Cap Exceeds BNB
The crypto greed index remains in the 67 greed zone, slightly down from last week's 70. As funds flow into ETH and other Altcoins, BTC's dominance has dropped to 60%.
Bitcoin returned to 120K, rising over 2% in 24 hours, while Ethereum slightly declined but remained above 3,700. Solana surpassed the $200 mark, with its market cap exceeding BNB and ranking among the top five cryptocurrencies. The recent rise of SOL reserve strategy companies has also boosted its trend, with DeFi Dev Corp. holding nearly a million SOL.
Risk Warning
Cryptocurrency investments carry high risks, and prices may fluctuate dramatically. You may lose all of your principal. Please carefully assess the risks.
