Good evening, this is Markets Desk with your closing bell rundown.
Wall Street couldn't hold its footing Wednesday, with the major averages surrendering solid midday gains to finish in the red. Equities climbed through much of the session but faded in the final hours, a pattern that speaks to underlying uncertainty about the direction of both earnings and policy heading into the second half of the year.
Turning to crypto, Federal Reserve commentary gave digital assets a meaningful lift, pushing Bitcoin back above sixty thousand dollars for the first time in weeks, settling around sixty thousand three hundred dollars. Ethereum matched that move, gaining roughly three percent, while Solana outpaced both, surging more than six percent — a sign that risk appetite in this space remains selective but real.
And on the disclosure front, a filing from the Office of Government Ethics revealed President Trump holds what amounts to a one point four billion dollar crypto portfolio, built largely through his memecoin and family crypto ventures, with additional exposure to blockchain equities including a stake in Michael Saylor's Strategy. The scale of that position raises serious questions about conflict of interest as Congress continues debating federal crypto regulation.
That's the tape. Markets Desk, signing off the floor.
