On The Daily (OTD) - 9th May 2025

Top Stories Today: Bitcoin and Expedia.

Table of Contents

Top Stories Today

Bitcoin

Bitcoin stayed above $100,000 to close the week, notching its fourth straight weekly gain amid renewed investor demand and favorable macro developments, including easing global trade tensions. The surge was supported by strong inflows into bitcoin ETFs and large holders increasing their positions. Ether rallied 26% on the week, its best since 2021, following a major network upgrade, while Solana also saw double-digit gains. Despite recent strength, most altcoins remain down for the year compared to bitcoin. Analysts believe BTC will likely continue to outperform until broader interest shifts toward alternative tokens.

Expedia

Expedia’s stock declined 7.5% after reporting lower-than-expected first-quarter sales, primarily due to weaker demand in the U.S. The broader travel sector is facing headwinds from economic pressures, including trade disputes and high borrowing costs, which are dampening consumer spending ahead of summer. Other travel firms like Hilton and Airbnb have also signaled caution. Despite posting a better-than-anticipated profit per share, analysts lowered their price targets for Expedia, reflecting concerns over prolonged market uncertainty. The company’s shares are now down over 16% this year, underperforming the broader market.

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