Five of the world's largest companies, Apple, Alphabet, Microsoft, Meta, and Amazon, all reported double-digit revenue growth in the same week. Their combined market value is $13 trillion. The news pushed major stock indices to new highs and crypto markets followed.
Bitcoin rose 2.7% in 24 hours, trading near $78,000. Ethereum gained 1.8% to reclaim $2,300. Solana edged up to $84. XRP traded at $1.40.
Despite the price rises, sentiment is weak. The Fear & Greed Index sits at 26, deep in fear territory. Historically, when prices rise while sentiment drops, it signals buying from conviction rather than FOMO. Such moves can last longer.
Bitcoin dominance hit 60%, a 2026 high. For every dollar entering crypto, Bitcoin captures a disproportionate share. Altcoins are losing ground. The DeFi sector posted zero growth over the past week.
There is no direct link between iPhone sales and Bitcoin's price. But strong tech earnings signal a resilient economy. That boosts risk appetite across all assets. Institutional portfolios holding both Mega-cap stocks and Bitcoin ETFs see rebalancing flows spill into crypto.
Risks remain. This rally is built on borrowed momentum. If economic data disappoints or the Fed turns hawkish, crypto could fall fast. Bitcoin's leading position means altcoin holders may continue to underperform until BTC breaks out sharply or corrects.