The Dow Jones fell on the stock market today. GameStop surged after influencer "Roaring Kitty" claimed a big stake. AI stock Nvidia popped.
(Bloomberg) -- Bitcoin briefly topped $70,000, with crypto investment products seeing inflows for the fourth consecutive week and the latest GameStop frenzy driving memecoin speculation.Most Read from BloombergKey Engines of US Consumer Spending Are Losing Steam All at OnceGameStop Shares Surge as Gill’s Reddit Return Shows Huge BetMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyHomebuyers Are Starting to Revolt Over Steep Prices Across USAMLO Protege Sheinbaum Becomes First
GameStop stock pulled back but was still up 28% to $29.64 in recent trading. At such levels, the stake shared on Keith Gill’s DeepF—Value Reddit account would be worth $284.97 million. The $20 call options contracts, which expire on June 21, 2024, have also risen to $136.32 million in value from $65.7 million.