Driven by the high prosperity of the AI sector, GIGA has surged by 200% recently with trading volume significantly increasing, reflecting rising market risk appetite and continuous capital inflow. However, technical indicators reveal overbought conditions. If macro liquidity tightens or profit-taking emerges, short-term correction pressure may appear around 0.0040 USDT. In the medium to long term, attention should be paid to global monetary policy and geopolitical dynamics. It is recommended to moderately reduce positions at high levels and accumulate on dips to strengthen risk management.

In the past ten days, GIGA rose sharply from 0.00165 USDT to nearly 0.005 USDT, with a cumulative increase of almost 200%. This rally closely matches the robust performance of the global AI and semiconductor sectors. Related technology stocks, storage, and chip industry revenues exceeding expectations have ignited risk appetite. Along with the continuous inflow of capital via Bitcoin ETFs and institutional investors, liquidity has tilted towards sector-leading assets, leading quality tokens such as GIGA to experience both enlarged price and trading volume. The short-term sentiment is clearly positive.

Global markets surged as geopolitical tensions eased, with major indices hitting record highs and the Korean KOSPI soaring 6.45%. In tech, semiconductor and AI-related stocks rallied strongly. Bitcoin broke $80,000, driven by institutional ETF inflows, though on-chain activity showed low retail participation. Opinions diverge on Bitcoin's outlook, with some seeing a fragile rally and others bullish due to strong accumulation and ETF demand. TON ecosystem also gained momentum after Telegram's increased involvement.

Trading Moment: Global Asset Frenzy, Bitcoin Breaks $80,000, $84,000 CME Gap Awaiting Refill.

The S&P 500 and Nasdaq hit new highs again, with the Nasdaq closing up 2%, and top performer AMD rising nearly 19%. The Chinese concept index rose over 3%, with Baidu up more than 11%. Crude oil fell more than 10% intraday, while gold futures closed up nearly 3%. The yen surged 1.8% within half an hour, suspected to be due to Japanese intervention.

Trump said a US-Iran deal is "very likely." US media report that the US and Iran are close to reaching a memorandum to first cease hostilities and then set a 30-day negotiation period, with key terms in the nuclear talks showing signs of flexibility.

Iran stated it will ensure the safe passage of vessels through the Strait of Hormuz and proposed the only viable solution to the Strait’s issues: a permanent end to the war, lifting the maritime blockade, and restoring normal passage.

Wang Yi met with the Iranian Foreign Minister. China emphasized that a comprehensive ceasefire is urgent, restarting the war is unacceptable, and persisting in negotiations is especially important. Iran said the issue of reopening the Strait of Hormuz can be resolved quickly.

The Lebanese Prime Minister said Lebanon does not seek normalization of relations with Israel and is committed to achieving peace. Since the Lebanon-Israel ceasefire, Beirut was hit by an Israeli airstrike for the first time, with Israeli media reporting the killing of a top Hezbollah armed commander.

The US April ADP employment report showed an increase of 109,000 jobs, the highest in 15 months, though manufacturing employment remains weak.

The US Treasury continues its "delay tactic": maintaining stable debt issuance scale through 2027, while risks from reliance on short-term debt are gradually increasing.

China’s April RatingDog Services PMI rose to 52.6, accelerating expansion, with new orders increasing for 40 consecutive months.

Domestic large AI models have sparked a financing boom: DeepSeek’s post-investment valuation is reported to reach $45 billion; Kimi reportedly raised another $2 billion, pushing its valuation over $20 billion.

Arm’s fiscal year 26 Q4 revenue grew 20.2% year-over-year, exceeding expectations; AGI CPU demand for fiscal years 27-28 has already surpassed $2 billion.

Elon Musk said xAI will no longer exist as an independent company and will be renamed SpaceXAI. SpaceX’s first superchip factory plan was revealed: initial investment of $55 billion, totaling $119 billion. Anthropic signed a 300-megawatt computing power agreement with SpaceX to meet growing AI demand.

NVIDIA signed a long-term agreement with Corning: Corning’s optical connectivity capacity will increase tenfold, and NVIDIA will receive up to 18 million subscription warrants.

Wall Street Morning Brief | May 7, 2026

The global storage sector surged with companies like SanDisk and Micron rising over 15%, driven by AI growth and chip cycle optimism. South Korea's KOSPI hit a record high, fueled by strong chip stocks. Bitcoin recently surpassed $82,000 but faces warnings of a pullback to $75,000 support amid mixed market sentiment and increased volatility. Meanwhile, altcoins and NFTs showed gains, with significant ETF inflows and upcoming key market events.

Trading Moment: Global storage sector surges, BTC bears warn of a pullback to 75K support.

Despite a 2.5% pullback from its $82,800 peak, Bitcoin remains in a strong bullish expansion phase. Key indicators, including the Bull Market Support Band, 21-week EMA crossing above the 20-week SMA, and increased whale and institutional spot buying, confirm sustained upward momentum. Stablecoin supply ratios and on-chain activity have surged, with daily transactions and active addresses hitting multi-month highs, signaling robust market demand and liquidity supporting a continued bull market.

Analysis shows that Bitcoin remains in a strong expansion phase, with multiple on-chain and capital indicators confirming full bull market momentum.

On the daily chart, GIGA has posted multiple consecutive large bullish candles with significant trading volume, Bollinger Bands have continued to expand, and the price is far above the middle band—technical indicators reveal overbought signals. Should macro adverse factors surface or profit-taking intensify, phase correction pressure will become prominent. Additionally, stronger-than-expected U.S. employment data and steady debt issuance strategies may delay monetary easing expectations, further increasing volatility in the crypto market. Short-term, some correction or support testing may be seen.

Bitcoin fell below $80,000 after five consecutive days of net inflows into spot ETFs ended, signaling a cooling rebound from February lows. Stronger-than-expected US April jobs data heightened concerns over energy-driven inflation limiting rate cuts. Spot Bitcoin and Ethereum ETFs saw significant outflows, reflecting reduced institutional risk appetite. Rising US-Iran tensions pushed oil prices up, offsetting some risk asset support. Derivatives suggest prolonged hawkish rate expectations, with retail participation low and market momentum weak, posing a risk of Bitcoin retesting $75,000–$78,000 support.

Analysis: Bitcoin surged then fell back below $80K, with ETF outflows and geopolitical risks jointly suppressing market sentiment.

The U.S. April CPI data release is highly anticipated, with Morgan Stanley warning of potentially higher-than-expected inflation, which could delay Federal Reserve rate cuts and strengthen the dollar. Geopolitical tensions between the U.S. and Iran threaten a fragile ceasefire, pushing oil prices higher and increasing inflation pressures. In markets, AI-driven sectors and tech giants show mixed performance, while Circle completes a $222 million ARC presale and advances in stablecoin and AI payment solutions.

Bitget UEX Daily Report | Circle Completes $222M ARC Presale; US CPI Data Incoming; US-Iran Ceasefire Agreement on the Brink

Although eased geopolitical tensions have boosted market risk appetite, renewed conflicts in the Middle East or unexpectedly rising inflation data could suppress crypto assets. Meanwhile, China’s manufacturing PMI continues expanding, and overall liquidity remains loose. If macro policies tighten at the margin in the future, tokens with strong dependence on capital, especially small and mid-cap coins, could face downward pressure. Investors should focus on moves by major global central banks and geopolitical developments, keeping a prudent approach to mid- and long-term portfolio allocation.

GigaSwap

Master Analyst Says “There’s No Reason for Bitcoin to Fall!” and Identifies the Next Target!

Kevin Warsh, the man set to be confirmed as the new head of the US central bank, might want to reduce interest rates, but inflation is not cooperating. Here’s why that matters for British investors as much as it does the US.

The yield on benchmark 10-year Treasuries rose to the highest since July after US wholesale inflation accelerated in April to the fastest pace since 2022.

US wholesale inflation accelerated in April to the fastest pace since 2022 due to a war-driven increase in energy prices, which is contributing to higher transportation costs.

ECB Governing Council Member Köhler: June meeting will decide whether to raise interest rates or keep them unchanged.

Czech monetary policy is still restrictive even after an acceleration in inflation due to the fallout of the Iran war, although price risks require more caution, according to the central bank.

Data: CPI exceeds expectations triggering BTC derivatives deleveraging, four major exchanges' open contracts reduced by $1.25B in a single day

Analysis: CPI exceeding expectations triggers BTC derivatives deleveraging, with open contracts on the four major exchanges shrinking by $1.25 billion in a single day.

Digital Assets Show Gains; US Inflation Reaches a Near Three-Year High

UBS expects the Federal Reserve to cut interest rates by 25 basis points in 2026 and 2027.

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