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Weekly Wrap — Jul 24, 2026, 21:00 UTC
A staggering $700 million crypto selloff rocked markets this week. Geopolitical tensions dominated sentiment. Looking at our scoreboard, the S&P 500 edged up 0.05%. It closed at $7,411.98. The NASDAQ Composite, however, dipped 0.64%. It finished at $24,975.824. Bitcoin also saw pressure. It fell 1.
Key takeaways
- A staggering $700 million crypto selloff rocked markets this week.
- Looking at our scoreboard, the S&P 500 edged up 0.05%.
- The NASDAQ Composite, however, dipped 0.64%.
Transcript
A staggering $700 million crypto selloff rocked markets this week. Geopolitical tensions dominated sentiment. Looking at our scoreboard, the S&P 500 edged up 0.05%. It closed at $7,411.98. The NASDAQ Composite, however, dipped 0.64%. It finished at $24,975.824. Bitcoin also saw pressure. It fell 1.00% to $64,089. Our Fear & Greed Index sits at 28, firmly in "Fear" territory. Our winner of the week is Provenance Blockchain, or HASH. It surged 8.4% to $0.00923858. Investors likely chased its innovative distributed ledger technology. On the flip side, LIT led the losers. It dropped 6.7% in value. Broader market jitters and profit-taking likely contributed to its decline. The dominant narrative was global unrest. Red Sea Houthi attacks drove crude oil discussions. Prices are now at $90.47, down 1.87%. Yet, the threat of disruption remains high. The news of a US strike on Iran directly triggered that $700 million crypto selloff. This highlights market sensitivity to global events. Looking ahead, corporate developments will grab headlines. Wells Fargo just appointed a new Commercial Banking Executive. MGIC Investment Corporation increased its quarterly dividend. These moves show confidence in economic stability. We'll watch for more earnings and economic data. Keep an eye on evolving geopolitical situations. They remain a key market driver. That's your definitive Weekly Wrap. For more insights, visit rawfin.tv.