Bitcoin Just Did This..

Here are the top 3 events in the markets today...

GOOD MORNING

Here’s everything you need to know today: There are currently 14,157 publicly traded companies in the United States and over 1000+ articles released about S&P500 companies alone every single day. Today we will be showing you the top 3 events that you need to know today:

Market Performance (1 month)

  1. Dow - 6.26%

  2. S&P 500 - 5.35%

  3. Nasdaq - 6.19%

  4. Bitcoin - 47.70%

Today (Here’s 3 things you need to know)  

  1. Bitcoin Breaks $100K: Here’s What You Need to Know

1 Year Performance (BTC/USD): +128.75%

Bitcoin has officially shattered the $100,000 barrier, fueled by institutional adoption and political tailwinds. Former President Donald Trump’s election victory has sent ripples through the crypto world, as his pro-crypto stance, coupled with SEC leadership under Paul Atkins, signals a potential regulatory renaissance.

Adding to the momentum, the SEC’s approval of spot Bitcoin ETFs has unlocked billions in investments from titans like BlackRock and Fidelity, cementing Bitcoin’s place in the financial mainstream.

But the party comes with a caution flag. Despite reduced volatility in 2024, Bitcoin remains a wildly speculative asset, prone to sharp price swings.

Experts warn that retail investors must tread carefully, as crypto’s lack of safety nets makes sudden losses a stark reality. While the $100K milestone is historic, Bitcoin’s journey remains as thrilling—and unpredictable—as ever.

  1. Meta’s $10 Billion AI Ambition

1 Year Performance (META): +91.39%

Meta Platforms is going big—literally—with plans to construct a $10 billion data center in Louisiana, aiming to dominate AI workloads and bolster its infrastructure.

The sprawling 4-million-square-foot facility will be powered by three new natural gas plants with a staggering 2.2 gigawatts of capacity, enough to supply energy to over a million households. While Meta explores nuclear energy for its future operations, those ambitions are still a decade away.

However, Meta faces a marathon, not a sprint. With an estimated 5–7 years to complete, the Richland Parish data center contrasts sharply with Tesla’s Shanghai factory, which was built in just 168 days.

Meta’s commitment underscores the fierce competition among Big Tech as they collectively funnel hundreds of billions into AI development. For now, Meta’s stock might remain steady, but its bet on hyperscale infrastructure could shape the next era of artificial intelligence.

  1. TD Bank Faces Earnings Pressure, Scraps Growth Targets Amid U.S. Challenges

1 Year Performance (TD): -8.38%

Toronto-Dominion Bank (TD) has hit a roadblock, withdrawing its financial growth targets and signaling a tough year ahead. Following a US$3.09 billion settlement with U.S. regulators over anti-money-laundering failures tied to criminal groups, TD faces escalating compliance costs.

The bank is now revamping its risk and controls, with outgoing CEO Bharat Masrani emphasizing that "strengthening our enterprise-wide program" is critical to its recovery.

TD’s fourth-quarter profit fell short of expectations, dropping to C$1.72 per share (adjusted), below analysts’ projection of C$1.82. Revenue was a rare bright spot, surging 17.6% year-over-year to C$15.51 billion, defying expectations of a decline. However, U.S. retail banking profits plunged 32% to C$863 million, while wealth management earnings tumbled 29%.

As the bank's new CEO, Ray Chun, steps in, a strategic overhaul is underway, with "everything on the table," including potential U.S. asset divestitures. Financial targets are set to return by late 2025, but for now, TD faces a delicate balancing act.

Market Memes Of The Day

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