Nasdaq Rises 6% With Bitcoin Rising Towards $100K

Nasdaq Rises 6% With Bitcoin Rising Towards $100K

Investors are impressed as Nasdaq rise continues, the index gains its largest one-week gain since April 11 as measured by Nasdaq. Only in one week it made a huge 6.73% climb to close to 17,382.94 and climbed 1,096.49 points.

It is a remarkable performance from recent lows. Key to that rise is market confidence renewed around Nasdaq and led by milestones surrounding cryptocurrency on one side and the tech sector and economic sentiment on the other.

Key-Takeaways:

  • Bitcoin’s rise past $100,000, coupled with a 6.73 percent rise in the Nasdaq in a week, was to blame for the surging of the stocks of tech giants like Alphabet and Intuit.
  • Though the Nasdaq remains down 9.98% YTD, it has already bounced back 13.85% from its 52-week low, implying an impending increase.

Crypto Momentum Fuels Nasdaq Rise

Nasdaq Rises 6% With Bitcoin Rising Towards $100KOne of the main reasons for the Nasdaq rise is the great increase of cryptocurrency values. The enormous momentum that bitcoin pushed across crypto related stocks were fueled by bitcoin’s breakthrough of the critical $100,000 barrier.

Direct benefits are being enjoyed by many of the Nasdaq listed companies with crypto exposure as this rally by Rails rallied 4 percent daily. And this increased the broad tech heavy index’s strength.

Indeed, the largest public company holder of Bitcoin during this period microstrategy (MSTR) saw its stocks climb over 6.5%. A key factor behind the broad Nasdaq index’s rise was its rise.

In the meantime, MARA Holdings rose more than 6 percent after completing a $850 million zero coupon convertible note offering. Bitcoin purchases and refinancing the debt will largely be funded by the funds.

Hut 8’s announcement of a $500 million at the market offering helped other crypto miners like Hut 8 (HUT) evolve 6.9% higher. They also began a $250 million repurchase of its own stock to generate shareholder value.

Although this applies to all companies regardless of how much Bitcoin they hold, even ones like Semler Scientific (SMLR) with 1,570 BTC really rallied over 7%. The broader Nasdaq rise has been powered by these synchronized gains on crypto-related stocks.

On a technical basis, the current Nasdaq rise on the way up does have strong momentum. For the fourth consecutive trading day, the index has advanced with a rise of 1,512.04 point or 9.53%.

It is the largest four day point and percentage rise since mid April. The streak also is the longest for the Dow since the five-day run to February 19 that strengthened investor confidence.

Although the Nasdaq is up, the index persists 13.83 percent below its record close of 20,173.89 made on December 16, 2024, hinting at further uplift opportunity. The Nasdaq rise has taken the index to its highest closing value since April 2, recovering to some extent from the effect of recently announced tariffs.

The Nasdaq still trails by 9.98 percent, or 1,927.85 points, year to date, following the recent run. What this demonstrates is the depth of the correction that occurred before and how important the recovery today is.

The Nasdaq has bounced back 13.85 percent from its 52 week low of 15,267.91 on April 8. This strong buying pressure is viewed by analysts as a pointer to further upward direction.

The Market’s Range and Sector Performance Driving the Nasdaq Rise

Nasdaq Rises 6% With Bitcoin Rising Towards $100KGains on the Nasdaq rise go well beyond crypto-related stocks, spanning a variety of sectors. Alphabet has had a crucial role for Tech giants, because it rose 1.47%.

The Nasdaq also has received a boost from software companies; Intuit gained 1.51%. The fact that the index is seeing broad participation indicates renewed strength across the index.

The Nasdaq rise, however, hasn’t been a general rise in the case of all components. Despite the positive market environment, Intel declined 6.70%. This expression is particular about the fact without doubt that the overall Nasdaq rise is still strong but the individual company fundamentals and sector specific factors are also impacting performance.

Also among the Nasdaq rise are consumer-focused tech companies such as Netflix, which also have contributed with a rise of 0.42 percent. The many contributors to the Nasdaq rise indicate that the rebound is all the more healthy on account of diverse participation and not the result of speculation focused on a handful of names or sectors.

Economic Context

Nasdaq Rises 6% With Bitcoin Rising Towards $100KThe Nasdaq rise is always in the background of a sometimes admittedly complex economic backdrop. While the Nasdaq has recovered from its lows in April with a recent rise of 11.45% and 5.73% relative to its Election Day and Inauguration Day values respectively, the shares have underperformed since the close of the election.

It is falling 11.45% and 5.73% in order, respectively. It implies investors have eyes for more than short term political and economic uncertainties.

Notably it came at the same time as Bitcoin hit a milestone of more than $100,000. It could be a turn in investor sentiment on the tech and digital assets.

While the Nasdaq continues to descend 9.98% year to date, the recent action hints at institutions gearing up for a more optimistic market ahead.

Arriving on a four-day winning streak, momentum on the Nasdaq rise means acceleration and not deceleration of near-term strength. The rise of Nasdaq must share the responsibility with a good sentiment of market players on the back of recent policy clarifications and strong earnings from major components, according to market analysts.

Conclusion

New earnings reports and economic data will be watched carefully, and there is a Nasdaq rise. In order to recover from this year’s earlier correction, we will still need a continued climb. Will the momentum be enough to get the Nasdaq again back to all-time highs? Let us know what you think.

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