{"id":584,"date":"2025-05-22T21:04:06","date_gmt":"2025-05-22T21:04:06","guid":{"rendered":"https:\/\/bitunikey.com\/news\/dow-jones-seesaws-ends-flat-as-bitcoin-hits-new-all-time-high\/"},"modified":"2025-05-22T21:04:06","modified_gmt":"2025-05-22T21:04:06","slug":"dow-jones-seesaws-ends-flat-as-bitcoin-hits-new-all-time-high","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/dow-jones-seesaws-ends-flat-as-bitcoin-hits-new-all-time-high\/","title":{"rendered":"Dow Jones seesaws, ends flat as Bitcoin hits new all-time high"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">U.S. stocks ended mixed Thursday as markets digested the House\u2019s narrow approval of President Trump\u2019s massive tax-and-spending package.<\/p>\n<p>The S&amp;P 500 dipped 0.04%, the Dow Jones Industrial Average was flat, and the Nasdaq Composite rose 0.28%.<\/p>\n<p>The legislation\u2014projected by the Congressional Budget Office to add nearly $4 trillion to the federal deficit\u2014includes sweeping tax cuts and increased military spending.<\/p>\n<p>It <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.nbcnews.com\/politics\/congress\/house-passes-sweeping-domestic-policy-package-big-win-trump-speaker-jo-rcna208417\" target=\"_blank\">passed<\/a> the House by a single vote after last-minute revisions, including expanded deductions for state and local taxes, aimed at swaying conservative lawmakers. The bill now heads to the Senate.<\/p>\n<p>Another spike in Treasury yields tempered investor sentiment. The 30-year bond briefly rose above 5.16%\u2014its highest level since 2023\u2014before easing.<\/p>\n<p>The benchmark 10-year yield also pulled back slightly to 4.55%.\u00a0<\/p>\n<p>Analysts said weak demand at Wednesday\u2019s 20-year bond auction fueled the earlier sell-off in Treasurys, while concerns about debt sustainability persist.<\/p>\n<p>\u201cShort term, the tax bill is good for the economy,\u201d <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/05\/21\/stock-market-today-live-updates.html\" target=\"_blank\">said<\/a> Argent Capital\u2019s Jed Ellerbroek. \u201cBut in the longer term, it adds to the deficit, and that\u2019s bad for markets.\u201d<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Bitcoin keeps hitting all-time highs<\/h2>\n<p>Bitcoin (BTC) extended its massive rally, trading above $111,000, amid optimism over Senate progress on stablecoin regulation and anticipation surrounding a Trump donor event attended by major crypto holders.<\/p>\n<p>Bitcoin\u2019s rally sparked limited excitement among derivatives traders compared to past bull runs. Analysts noted that spot market demand, not speculation, drove the gains, with long\/short ratios and liquidations indicating moderate bullish sentiment.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stocks ended mixed Thursday as markets digested the House\u2019s narrow approval of President Trump\u2019s massive tax-and-spending package. The S&amp;P 500 dipped 0.04%, the Dow Jones Industrial Average was flat,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=584"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/584\/revisions"}],"predecessor-version":[{"id":585,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/584\/revisions\/585"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/214"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}