Market Wrap: Tech Volatility Offsets Crypto Gains as Traders Digest Grid Updates
Green energy plays surged as Nuvve (NVVE) secured a grid modernization deal, contrasting with Nvidia's (NVDA) slide despite bullish analyst notes. The divergence highlights shifting capital flows toward infrastructure plays.
Cryptocurrency exchange Coinbase (COIN) gained on its DEX Vector acquisition news, signaling continued institutional expansion into decentralized finance. Bitcoin held steady above $60K amid thin liquidity.
Biotech proved bifurcated - Praxis (PRAX) ROSE on investor outreach while Pasithea (KTTA) cratered on clinical setbacks. The moves underscore healthcare's binary event-driven nature.
Tesla's (TSLA) FSD tech endorsement failed to lift broader EV sentiment. Chip stocks wobbled as AMD gave up early gains, though semiconductor demand fundamentals remain intact.