Headline: Crypto Jitters Rattle Equities as Bitcoin Slides; Mixed Moves Across Tesla, Coinbase, and Airlines
A sharp pullback in digital assets set the tone for a choppy trading session, with Bitcoin’s retreat spilling into crypto-linked equities and adding to broader market volatility. Investors weighed analyst actions, competitive headlines, and buyback plans while parsing uneven demand signals across sectors.
Bitcoin fell about 13% on the week, slipping below $93,000 as liquidations accelerated and worries about the four-year cycle and macro uncertainty pressured support levels. Coinbase Global (COIN) dropped 7.4% alongside the crypto slide; the stock remains highly volatile, with more than half of its daily moves historically exceeding 5%. Elsewhere in tech and mobility, Tesla (TSLA) rose about 2% on renewed robotaxi optimism, though ongoing supply chain shifts and softer China sales continue to temper sentiment.
Consumer and infrastructure names delivered mixed results. Hims & Hers Health (HIMS) slid 4.9% after competitive news overshadowed a $250 million share repurchase authorization; the stock is still up 37% year to date but trades roughly 50% below recent highs. Dycom (DY) gained 1.4% after an analyst upgrade to $315, extending a 67.2% year-to-date rally and pushing near its 52-week peak. In retail, Dillard’s (DDS) fell 5% on fresh “Sell” ratings despite a Q3 earnings beat at $8.31 per share. United Airlines (UAL) declined 3.2% after a reduced price target and renewed concerns over demand, leaving shares about 17.8% below their 52-week high.
Key Points: – Bitcoin dropped roughly 13% on the week, dipping below $93,000 amid elevated liquidations and macro uncertainty. – Coinbase (COIN) fell 7.4%; the crypto exchange stock remains highly volatile with frequent >5% daily moves. – Tesla (TSLA) gained about 2% on robotaxi enthusiasm, offset by supply chain shifts and weaker China sales. – Hims & Hers Health (HIMS) slipped 4.9% despite a $250M buyback; still up 37% YTD but about 50% below its highs. – Dycom (DY) rose 1.4% on a price target upgrade to $315, adding to a 67.2% YTD advance near its 52-week high. – Dillard’s (DDS) fell 5% despite a Q3 EPS beat, while United Airlines (UAL) dropped 3.2% on a lower PT and demand concerns.
