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The Nasdaq 100 fell 1.5% at midday Friday as memory chips and AI-debt names sold off, while Fed Chair Warsh declined to rule out an October hike after hot CPI and PPI. WTI held near $96, the 10-year yield hovered around 5.1%, gold bounced toward $4,200 and bitcoin traded near $81,300.
Bitcoin struggles near $83,000 as analysts favor five altcoins tied to DeFi, tokenized stocks and AI infrastructure.
Raoul Pal calls Ethereum wildly undervalued, while backing Bitcoin, Solana, Sui and Zcash ahead of a liquidity shift.
XRP may drop to $1.22 before recovering, with bullish targets of $3–$4 or $9–$13; Bitcoin and Ethereum could see further selloffs first.
The Federal Reserve's 0.25% rate hike in September, with inflation at 3.7%, signals potential additional hikes in 2026. Rising interest rates affect retail stocks differently: Costco and Walmart are positioned to benefit from higher inflation and affluent consumers trading down, while Home Depot faces headwinds from reduced home improvement spending due to higher mortgage rates. Target's turnaround momentum could be threatened by inflation-weary consumers seeking bargains.