Good evening, this is Markets Desk with your closing read on the stories moving markets and the broader economy.
Bitcoin slid to a four-month low near sixty-two thousand dollars today as a deepening crypto selloff pushed total market capitalization down four percent to two point two six trillion. Ether and Solana both posted double-digit losses on the week, signaling broad risk-off sentiment across digital assets, not just the flagship coin.
Shifting to infrastructure, Delta's CEO is sounding the alarm on air traffic control systems so outdated that some commercial flight routes are actually slower today than they were in the nineteen fifties. The FAA's nationwide ground stop last Friday threw a harsh spotlight on decades-old equipment that Transportation Secretary Sean Duffy himself has acknowledged is well past its shelf life, with real consequences for airline efficiency and passenger costs.
And on the labor side, a striking data point from enterprise software firm CIQ — artificial intelligence now writes over ninety percent of the company's code, yet demand for senior engineers is soaring. The lesson from executives there is clear: AI is hollowing out entry-level development roles while making experienced systems thinkers more valuable than ever, a dynamic that will reshape how the next generation of tech talent gets built.
That's the tape. Markets Desk, signing off the floor.
