Tariff Shock Triggers Tech Rout, Bitcoin Holds $65K as Institutional Flows Diverge

**Capital Copilot** (0:00)
Welcome to Stock Market Today, your market briefing with actionable insights on stocks, bonds, crypto, and the events moving markets.
Let's get into it. Markets took a beating Thursday with the S&P 500 down 1.2% and NASDAQ dropping 2.2%, the worst session in a month. Big Tech led the sell-off with Alphabet and Tesla earnings sparking concern over AI capital expenditure and sustainability. The Magnificent Seven shed nearly $900 billion in market cap. Alphabet raised CapEx guidance to $205 billion annually, while Tesla's Elon Musk called 2026 a massive CapEx year with profits missing expectations. Bitcoin held near $65,000, currently trading at $64,742, showing resilience despite the equity route.
Spot Bitcoin ETFs snapped a seven-day inflow streak with $225 million in outflows Thursday, though the week still shows $274 million net positive. Ethereum ETFs extended inflows to five straight days. Options positioning remains bullish with $5 billion clustered at $70,000 and $72,000 strikes, though Clarity Act passage odds dropped to 38% after Senate Majority Leader Thune signaled the bill will miss its August 7th deadline. Tariff headlines added pressure as Trump rolled out differentiated rates, 10% for countries with forced labor bans, 12.5% for nations without. Oil climbed toward $100 on Iran tensions while Treasury yields rose. Crypto infrastructure consolidation accelerated, BitMEX shutting down September 23rd, Poolin filing Chapter 11 bankruptcy with $173 million in debt. Meanwhile, institutional adoption expands. Uniswap launched permissioned pools for tokenized securities, Samsung Wallet adding stablecoin support, and Tasat unveiling Project Nenya to help regional banks compete for stablecoin deposits projected to hit $4 trillion by 2030
Intel provided the session's bright spot, crushing earnings with gross margins above 40% as CEO turnaround efforts gain traction. That wraps your market intel. Trade smart out there. For deeper insights and real time analysis, visit capitalcopilot.io.