Trump says Iran war "close to over" amid hopes for more negotiations
Bitcoin cooled off last week, slipping 1.5%, but is still holding above the breakout zone around $110K–$112K. However, Ethereum and the alts are stealing the spotlight.
ETH has risen in 12 of the last 13 sessions, gaining nearly 50%. Ripple hit record highs after clearing $3.40 and is now consolidating around that level. While Stellar hasn’t hit a new high — and dipped slightly last week — it’s still up over 100% in July and is consolidating its gains.
Solana, Shiba, Dogecoin, Bonk, Cardano and others are also moving higher.
Earnings season is heating up. Big names reporting this week include Coca-Cola (NYSE:KO), AT&T, Chipotle (NYSE:CMG), IBM (NYSE:IBM), Honeywell (NASDAQ:HON), American Airlines (NASDAQ:AAL), and Intel (NASDAQ:INTC). Notably, Tesla (NASDAQ:TSLA) and Alphabet (NASDAQ:GOOGL) report Tuesday after the close.
Tesla is the worst-performing Magnificent 7 stock this year, and bulls hope Elon Musk & Co. can spark a turnaround. But with the weakest 2025 earnings growth outlook in the group, that may explain the stock’s slump.
Alphabet is down about 2% in 2025 but remains the cheapest Mag 7 stock by forward P/E. Investors are eyeing this quarter to reignite momentum.
The Setup — Solana
Solana is starting to gain some steam, recently breaking out over the key $180 level that has served as both support and resistance over the past few quarters. As you can see on the weekly chart below, this level has been critical for technical traders.
Chart as of the close on 8:00 a.m. ET on 7/21/2025. Source: eToro ProCharts, courtesy of TradingView.
From here, bulls want to see SOL hold up above this level. If it can do so, the momentum could help fuel a further push to the upside. However, if Solana breaks back below the $180 level, the recent bullish momentum could wane and more short-term downside may be in the cards.
What Wall Street Is Watching
VZ
Verizon (NYSE:VZ) is rallying this morning, up almost 5% in pre-market trading after the firm delivered a top- and bottom-line earnings beat as sales rose 5.2% year over year. Verizon bulls are hoping to snap the stock’s eight-day losing streak, while Verizon’s dividend yield was roughly 6.6% as of Friday’s close..
NVDA
Nvidia (NASDAQ:NVDA) continued its powerful run on Friday, again hitting another record high. It did so alongside Microsoft (NASDAQ:MSFT), as the latter tries to become the second company after Nvidia to hit a $4 trillion market cap — it’s currently sitting at $3.8 trillion. Nvidia is now up 28.4% so far this year and is up more than 46% over the past 12 months.
***
Disclaimer: Please note that due to market volatility, some of the prices may have already been reached and scenarios played out. Content, research, tools, and stock symbols displayed are for educational purposes only and do not imply a recommendation or solicitation to engage in any specific investment strategy. All investments involve risk, losses may exceed the amount of principal invested, and past performance does not guarantee future results.