Economists are sounding the alarm over the threat of a recession in the U.S. as uncertainty reigns over tariffs and the job market begins to feel pressure from layoffs.
Strategy has outperformed every other company in the S&P 500Â since August 2020. As seen in the chart, even tech superstar Nvidia (NASDAQ: NVDA), up a staggering 855%, has been unable to keep up with Strategy. Strategy's impressive gains, of course, have coincided with its decision to embark on a massive Bitcoin buying binge that started in August 2020.
XRP rose 5% following a strong week for closely-related Ripple Labs, which bagged a payments license in the UAE and, per sources, is said to be on track for a close of its long-running court case against the U.S. Securities and Exchange Commission.
Goldman Sachs, an American multinational bank, has acknowledged cryptocurrencies for the first time in its annual shareholder letter. While skeptical of crypto, the firm has raised its Bitcoin investment by 15%.