Bitcoin briefly hit a record above $124,000 before profit-taking, leveraged wipeouts, and hotter PPI data pushed it back below $120,000. MicroStrategy fell as dilution concerns resurfaced with a $2.8B share offering, amplifying skepticism about its aggressive funding model. U.S. tech stocks lifted the Nasdaq on strong AI earnings, though chipmakers flagged caution. CleanSpark sold off despite record revenue, while Galaxy Digital secured $1.4B for AI expansion but faced insider selling. Coinbase gained on adjusted EBITDA strength but was weighed by a new share offering.

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