To receive the Morning Note in your inbox, subscribe here: https://stormrake.substack.com/
After seemingly fending off the bears and looking ready to regain control of the market, the bulls slipped, allowing bearish pressure to return. Bitcoin failed to sustain a move back above $115k and fell to key support around $112k. Altcoins followed with a sea of red across the board, with several wiping out the gains made on Monday after another red session yesterday.
This was not just a crypto pullback. Traditional risk-on markets also slipped, with the S&P 500 and Nasdaq both closing lower. Gold, the classic risk-off asset, logged its fourth consecutive green day, signalling a slight rotation out of risk. Corporate earnings added to the cautious tone, with some companies missing expectations. Super Micro Computer, for example, fell over 16% after weaker-than-expected Q2 2025 earnings. Outside of earnings and a modest risk-off shift, there were no major announcements on tariffs or geopolitical events likely to drive markets lower. In fact, reports suggest Russia is weighing potential concessions to Trump, including a possible air truce.
Stormrake Spotlight: Hedera (HBAR) ($0.237)
Stormrake Spotlight: Hedera (HBAR) ($0.237)
