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Risk assets such as equities and cryptos are attempting to find a solid footing, while gold is making a comeback.
At the time of writing on this Wednesday, Feb 4:
Bitcoin (Bybit: BTC/USDT) briefly sank to its lowest prices since 2024, before rebounding slightly - ensuring the $74,500 support zone we had highlighted at the onset of this week remains intact, for now. Still, the world's OG cryptocurrency remains some 40% below its all-time high posted back in October 2025.
The broader CoinDesk 20 index however is dipping slightly, down 0.2% at the time of writing.
Bybit's SP500 - which tracks the benchmark S&P 500 stock index - fell after getting to within a whisker of its all-time intraday high (7017.53, posted on Jan 28th). Still, it has once again found support around its 50-day simple moving average (SMA), while we note the stern resistance around the psychologically-important 7,000 level.
Gold (Bybit: XAUUSD+) is shaking off last week's dramatic drop - including its biggest intraday decline since the early 1980s on Friday (Jan 30) - and has returned back above the $5,000 big, round number.
Gold has clearly attracted dip buyers - prospects we had highlighted since Monday (Feb 2).
The selloff that began late last week was more about over-crowded trades being liquidated, triggered by President Trump's surprise pick for Fed chair - Kevin Warsh, rather than weak gold fundamentals or a sudden capitulation in demand for bullion.
Despite the pullback in US equities, led by tech stocks, there was a household name that stood out!
Walmart (Bybit: WMT) - the world's largest retailer - is now valued at 1.018 trillion US dollars!
For context, US companies that have broken this trillion-dollar threshold typically are Big Tech companies:
1. Nvidia: $4.38 trillion
2. Alphabet: $4.10 trillion
3. Apple: $3.96 trillion
4. Microsoft: $3.05 trillion
5. Amazon: $2.55 trillion
6. Tesla: $1.58 trillion
7. Broadcom: $1.52 trillion
8. Meta: $1.51 trillion
9. Berkshire Hathaway: $1.07 trillion
10. Walmart: $1.02 trillion
Walmart is the best-performing member of the "Trillion Dollar Club' (listed above) so far this year; WMT has soared 14.6% year to date.
NOTES about the "Trillion-Dollar Club":
The share prices of most of the 10 biggest members of the Trillion-Dollar Club (listed above) have fallen so far in 2026 EXCEPT Alphabet (+8.5% year-to-date), Meta (+4.8%), and Amazon (+3.4% year-to-date), and Walmart of course.
2 of these trillion-dollar giants are set to report their respective earnings over the next 48 hours: Alphabet (after US markets close Wed, Feb 4), and Amazon (after US markets close Thur, Feb 5).
Pharma giant, Eli Lilly, has a market cap of $0.95 trillion - on the verge of joining the illustrious list above.
Outside the US, oil giant Saudi Aramco is also valued at over US$ 1 trillion.
From an initial price of 0.004, it has since soared to as much as 0.022135 today (Wed, Feb 4)!
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Through a single app, it strips away gas fees, wallets, and other cross-chain complexities, so that users can trade, stake, earn, and manage assets across blockchains while retaining full control of their digital funds.