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Crypto is cool again?
After getting HAMMERED earlier this year, crypto may be back
Stocks went up,
crypto did too,
home sales plummeted,
is this a haiku?
Markets
PAST WEEK | YEAR-SO-FAR | |
|---|---|---|
Nasdaq | +8.2% | -9.8% |
S&P500 | +5.8% | -5.8% |
MSCI Emerging Markets | +3.1% | +4.1% |
Bitcoin* | +10.4% | +0.1% |
Ethereum* | +12.8% | -46.3% |
Stock of the week: | +68.3% | +24.8% |
Crypto of the week: | +83.7% | -48.3% |
*Source: CoinGecko.com As of 6:45PM April 27, 2025
World news
Top news stories of the past week
1) Stocks up bigly: After Trump said he would be reducing tariffs on Chinese goods and that he actually didn’t want to fire the Federal Reserve Chair, Jerome Powell, the stock market promptly rallied hard. It also helped that major companies like Google reported strong earnings. Are we back? Plz?
2) People want the magic internet money again: Bitcoin ETFs had their third-best week of inflows since launch, with $2.7 billion purchased. Why? In times of uncertainty (right now) people seem to like the certainty of Bitcoin’s supply. Also, global liquidity, which is highly correlated with Bitcoin, is shooting up big time. More rallies incoming? Plz?
3) Home sales down bad: Home sales in the U.S. dropped nearly 6% in March, marking the biggest monthly decline since 2022, mainly because of high mortgage rates and rising home prices making buying less affordable. Many people are choosing to keep renting because buying a home is too expensive despite the usual boon of supply coming in with the Spring weather.
US home sales % change
Top WEIRD stories of the past week
1) In a prank hilarious to nerds everywhere (me included), a few crosswalks in Silicon Valley were hacked to play the voices of Elon Musk and Mark Zuckerberg.
2) Police in Kenya arrested Belgian and Vietnamese nationals for attempting to smuggle 5,000 live ants - what’s the black market price of an ant???
3) Policy in the UK are developing an AI prediction tool to identify people who are most likely to kill. DID MINORITY REPORT TEACH YOU NOTHING?? LET THE PRE-COGS GO!
Personal finance
Ultimate Financial Checklist
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