Bitcoin crashes to $88K yet again as Oracle stock gets punished 15% by Wall Street

Wall Street just notched another win, but the split between winners and losers is getting louder.

The Dow Jones Industrial Average closed up 646.26 points, or 1.34%, to land at 48,704.01, a brand-new closing high. It also set a record intraday high earlier in the session.

Leading the charge? Visa, which popped after Bank of America upgraded the stock, giving the Dow that extra fuel to sprint higher.

The S&P 500 also inched into record territory, rising 0.21% to settle at 6,901.00. That’s another all-time closing high, even if the rally felt a bit more cautious compared to the Dow’s fireworks.

But not every index joined the party. The Nasdaq Composite slipped 0.25% to finish at 23,593.86, weighed down by losses in major tech names like Oracle and Nvidia, both feeling the heat from this AI profit scare.

The Russell 2000, though? Total breakout. The small-cap index jumped again, setting both intraday and closing highs on Thursday.

Smaller firms are typically more sensitive to interest rate moves, and the Fed’s rate cut is clearly giving them a tailwind. This is the second day in a row the Russell closed at a record.

Silver’s on a heater. It’s already up 114.6%, blowing past even gold, which is up 60% YTD. For perspective, silver futures have ripped 113% in 2025 alone. Supply tightness, rising industrial demand, and that old-school flight-to-safety instinct are all working together, and fast.

The gold-silver ratio, a key measure for comparing value, has dropped fast, now hovering around 68, its lowest since 2021. That’s still above the post-1971 average of 66, but Russ Mould of AJ Bell said historic silver bull markets have seen it fall below 40.

For anyone wondering how to ride this wave without stashing metal in their closet, Russ laid out a few plays:

• Exchange-traded commodities (ETCs) for direct exposure.

• Silver mining stocks, like Fresnillo and Hochschild Mining in London.

• ETFs such as the Global X Silver Miners ETF or iShares MSCI Global Silver and Metals Miners ETF, which track diversified baskets of silver miners globally.

Bitcoin is back at it, ticking down like a stopwatch. On Thursday, the world’s biggest crypto slid under $89,000, retreating to $88K flat on Coinbase, dragging Ether down with it.

Ether lost 4.3% to trade at $3,092, wiping out all its gains from the last two sessions. The pressure began building late Wednesday after the Federal Reserve’s interest rate cut, but things got much worse once Oracle dropped its latest financials.

Oracle’s stock collapsed 15%, with the tech giant blaming rising AI infrastructure costs and saying its profit outlook missed expectations. Markets didn’t like that… at all.

Nvidia was down 1.4% in premarket trading. Micron dipped 1%, AMD lost 1.3%, Microsoft slipped 0.4%, and Coreweave dropped 3.9%.

Strategy (MSTR) lost 2.3%, MercadoLibre (MELI) fell 5%, and Coinbase (COIN) dropped 0.82% to trade around $275.09.

Meanwhile, Robinhood (HOOD) barely budged, sitting at -0.04%. Payment giant PayPal (PYPL) was up slightly at +0.63%, and Block (XYZ) gained 2.79%.

Elsewhere in mining stocks:

• Riot Platforms (RIOT) rose 0.39%
• CleanSpark (CLSK) dropped 2.15%
• Bitfarms (BITF) lost 2.33%
• Cipher Mining (CIFR) sank 5.52%
• Bitdeer (BTDR) was down 6.06%

But the most brutal hit of the morning? Argo Blockchain (ARBK), plunging 18.62% to just $0.15, one of the sharpest drops in the entire list.

Neptune Digital Assets (NDA) was the rare outlier, surging 48.57%, while Metaplanet (MTPLF) also popped 11.9%.