DOW Jones lost 178 points, dragged down by reduced profit expectations from major U.S. healthcare firms.
Stock markets are rallying thanks to the China-U.S. tariff de-escalation, but the DOW Jones is still lagging. On Tuesday, May 13, the S&P 500 was at 5,893 points, up 50 points or 0.85%, entering positive territory for the year of 2025. The tech-focused Nasdaq was trading at 21,222.80, up 354.652 points or 1.7%.
At the same time, DOW Jones was at 42,250.67 points, down 159.43 or 0.38%. This is despite the fact that positive developments in U.S.-China trade relations boosted tech stocks. For instance, Nvidia was up 5.79%, Amazon was up 1.64%, while IBM gained 1.87%.
DOW Jones Industrial Average heat map | Source: Tipranks
Healthcare stocks hammered by Trumpâs new move
Still, gains from Nvidia and Amazon were outweighed by Microsoftâs loss of 0.28%, as well as significant losses from healthcare firms. For instance, Johnson & Johnson lost 3.04%, while Merck lost 3.18%, both companies involved in healthcare.
What is more, UnitedHealth lost an astonishing 16.34% after an abrupt exit by its long-time CEO, Andrew Witty. The company also suspended its annual price forecast, citing rising medical costs for the decision.
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Health care stocks have been on the decline after U.S. President Donald Trump signed an executive order aimed at slashing prescription drug prices. The administration directed companies to cut drug prices to similar levels to what patients in other countries are paying. For those that donât comply, the White House has threatened escalating, yet unspecified measures to keep them in line.
Analysts estimated that cutting drug prices in the U.S. could cut 2028 net income for the worldâs pharmaceutical industry by 8%. Still, while the move would cut into the profits of healthcare firms, it might bring relief to Americans struggling with rising healthcare costs.
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Bitcoin and altcoins have traded within a tight range recently as investors position themselves for June, which is historically one of the worst months for cryptocurrencies.
Bitcoin (BTC) was trading at $105,000, while the market capitalization of all coins has dropped from $3.6 trillion to $3.3 trillion.Â
If history repeats itself, this may be a tough month for the sector. As such, one of the common approaches is to consider altcoins with high staking yields to offset falling or stagnant prices. This article looks at the top three altcoins to buy with a staking yield of over 10%.
IOTAÂ
IOTA (IOTA) is one of the top altcoins to buy for its staking yield. StakingRewards data shows that it has a staking yield of 14%, higher than most dividend stocks, exchange-traded funds, and government bonds.
IOTA activated staking in May when it launched the Rebased upgrade,which transitioned it into a proof-of-stake network. It also introduced superior speeds and full decentralization.Â
IOTA has a staking market cap of over $375 million, representing 43% of its market capitalization. It has seen a staking inflow of 212 million tokens worth $39 million in the last 30 days.
The main issue with IOTA is that its ecosystem remains negligible a month after the Rebased upgrade.
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BittensorÂ
Bittensor (TAO) is another top altcoin to buy for income investors. It is one of the leading AI tokens, with a market cap of over $3.4 billion and a staking valuation of $2.4 billion. It offers a staking yield of 17.3%, meaning that a $10,000 investment would generate a $1,730 annual return.
Bittensor is seen as an AI token because it is a network designed to create a peer-to-peer marketplace for AI and machine learning models. TAO, its token, will likely do well as the AI industry continues growing.
PolkadotÂ
Polkadot (DOT), established by an Ethereum co-founder, is a top altcoin to stake, thanks to its 11% yield. It has a staking market cap of $3.5 billion, which is about 53% of its market capitalization.Â
Polkadot has strong fundamentals, especially with the ongoing transition to Polkadot 2.0, which is now in its final stage. The upgrade has made it easier for developers to build applications without going through the parachain auction.
Elastic scaling, the final stage of the transition, has already moved to Kusama, ahead of the implementation on Polkadot. Also, as crypto.news has written before here,DOT price has formed a triple-bottom, pointing to a rebound.Â
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Hut 8 Corp. reported a steep first-quarter loss and a nearly 58% revenue drop, as the lingering effects of last yearâs Bitcoin halving and costly equipment upgrades took a toll.
Bitcoin (BTC) mining firm Hut 8 Corp. posted a sharp downturn in its first-quarter financials, swinging to a significant loss as revenue plunged over 50%, Bloomberg reported.
The company generated $21.8 million in revenue for the quarter, representing a year-over-year decline of nearly 58%. It also posted a net loss of $134.3 million, a stark reversal from the $250.7 million in profit recorded during the same period last year.
According to CEO Asher Genoot, the decline stems from the cumulative effects of the last Bitcoin halving, which cut mining rewards in half. While the halving itself took place last April, its financial impact has only recently fully set in for mining companies, including Hut 8.
As a result, reduced revenue per mined coin, coupled with increased operational downtime related to ongoing upgrades of mining hardware, have squeezed Hut 8âs margins and pushed the company deep into the red.
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Despite the current headwinds in the mining sector, Hut 8 is pushing forward with an ambitious new initiative. During the companyâs latest earnings call on Thursday, Genoot reiterated that its new mining venture American Bitcoin Corp. will go public.
Hut 8 announced itâs launching American Bitcoin Corp. after it has acquired a majority stake in American Data Centers Inc., a company backed by Donald Trumpâs sons Eric Trump and Donald Trump Jr.
The market responded positively to the announcement, with Hut 8 shares surging 17% on the day.
Meanwhile, Hut 8 continues to develop computing infrastructure to support AI workloads, particularly at its sites in Louisiana. This move reflects a growing industry trend in which Bitcoin miners are diversifying into AI and high-performance computing to mitigate the financial strain caused by reduced block rewards following the halving.
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数字资产投资产品在上周净流入超过 6.44 亿美元后,结束了连续五周的资金流出。
欧洲领先的数字资产投资公司 CoinShares 表示,随着加密货币市场重新出现乐观情绪,比特币(BTC)引领了这一转变。
根据 CoinShares 于 3 月 24 日发布的周报,加密货币交易所交易基金市场每周流入资金超过 6.44 亿美元,结束了连续五周的资金流出。这份报告与美国现货交易所交易基金市场的前景一致,随着比特币价格上涨,投资者对加密货币交易所交易基金的需求出现了新一轮增长。
SoSoValue 的数据显示,美国现货 ETF 市场,2025 年 3 月 14 日至 3 月 21 日期间,比特币现货 ETF 连续六个交易日出现资金流入。上周五,只有 Grayscale 的 GBTC 出现资金流出,而贝莱德则录得近 1.05 亿美元的净流入。
Commenting on the shift in sentiment, James Butterfill, head of research at CoinShares, said:
âTotal assets under management have risen by 6.3% from their low point on March 10th. Notably, every day last week recorded inflows, following a 17-day consecutive run of outflowsâsignalling a decisive shift in sentiment toward the asset class.â
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CoinShares 报告涵盖了全球主要提供商发行的 ETP 的表现,报告指出数字资产投资产品在五周内流出超过 64 亿美元。其中包括与比特币、以太坊 (ETH)、XRP (XRP) 和 Solana (SOL) 等加密货币相关的投资产品连续 17 天流出。
然而,随着比特币上周从 80,000 美元以下恢复上涨势头,该行业开始反弹。总体而言,机构投资者向比特币相关产品投入了超过 7.24 亿美元。连续五周的资金流出导致投资者从与比特币相关的投资产品中撤出了超过 54 亿美元。
XRP 和 Solana 投资产品分别流入 670 万美元和 640 万美元。
与此同时,在 2000 美元附近面临下行压力的以太坊,流出资金达 8600 万美元。比特币空头投资产品也出现 710 万美元的流出,连续第三周出现这种走势,预示着看涨趋势的转变。
Read more:21Shares 在纳斯达克斯德哥尔摩交易所上架了三种新的加密货币 ETP