Daily Market Update: Burry’s Bubble Warning, $105 Oil and a Key Inflation Print — Big Day for Bitcoin and Stocks

TLDR

• Bitcoin touched $82,026 overnight before settling just above $81,000 Tuesday morning
• Solana and Dogecoin led altcoin gains, up around 2% on the day
• Investor Michael Burry compared the Nasdaq 100 to dot-com bubble levels, trading at 43x earnings
• Brent crude climbed above $105 a barrel as US-Iran ceasefire doubts grew
• US stock futures slipped Tuesday as markets waited for April’s CPI inflation report

Bitcoin held just above $81,000 on Tuesday morning after briefly touching $82,026 overnight. The move came as global stock markets pulled back and investor Michael Burry issued a stark warning about tech valuations.

Solana and Dogecoin were the best performers among major cryptocurrencies, each gaining around 2% on the day. BNB rose 1.7% to $662, XRP edged up 0.9% to $1.46, while Ether slipped 0.8%.

Crypto markets held steady even as broader risk sentiment turned cautious. Traders are now watching the US April Consumer Price Index report due Tuesday morning for clues on where the economy and interest rates are headed.

Michael Burry, the investor who predicted the 2008 housing crash, posted a warning on Substack comparing today’s stock market to the dot-com bubble. He said the Nasdaq 100 is trading at 43 times earnings, well above what he considers fair value of around 30 times.

Burry pointed to the Philadelphia Semiconductor Index, which has rallied 70% since late March, as a key sign of overheating. He urged investors to take profits and cut exposure to AI-related stocks.

Macro Pressures Building

Oil prices added to the pressure. Brent crude climbed nearly 1% to above $105 a barrel after President Trump cast doubt on the Iran ceasefire deal on Monday. He described the agreement as being on “massive life support” after rejecting the latest peace offer.

Higher oil prices raise inflation concerns, which could push the Federal Reserve to keep interest rates elevated for longer. The 10-year Treasury yield rose to 4.42% and the dollar strengthened against major peers.

Asian equity markets fell. South Korea’s Kospi dropped as much as 5.1% intraday following comments from a top policymaker about taxing AI profits to fund citizen dividends. European futures pointed to a 0.6% drop at the open.

US stock futures also edged lower Tuesday. S&P 500 futures ticked down 0.1% and Nasdaq 100 futures fell 0.3%, even after the S&P 500 closed at a record high Monday.

What’s Coming Next

The S&P 500 had gained more than 16% over a six-week winning streak, its strongest such run since the global financial crisis.

Economists expect the April CPI report to show inflation rose 3.7%. A hotter-than-expected reading could put pressure on both stocks and crypto.

President Trump is also set to begin a trip to China on Tuesday to meet with President Xi Jinping. Trade and AI are expected to dominate the agenda, with executives from Tesla and Apple among those joining the visit.

Earnings results are expected this week from Applied Materials, Cisco Systems, Alibaba Group, and Birkenstock.

Bitcoin’s next move will likely depend on what the inflation data shows and whether geopolitical tensions ease.

The post Daily Market Update: Burry’s Bubble Warning, $105 Oil and a Key Inflation Print — Big Day for Bitcoin and Stocks appeared first on CoinCentral.