Tesla crashes along with gold and S&P 500 as Bitcoin makes highest weekly close ever

Tesla’s stock opened lower, falling to 315.35 USD amid market reactions to Trump’s tariff updates, reflecting a broader selloff in US equities.

Bitcoin achieved a historic weekly close above 109,000 USD, with nearly 50,000 BTC moving into spot ETFs, indicating robust institutional demand.

US stock futures declined after the announcement of new tariffs on August 1. The S&P 500 and other indices faced significant drops, adding market instability.

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