The U.S. third-quarter corporate earnings season starts today, with Goldman Sachs, JPMorgan and UnitedHealthcare among the companies scheduled to report. Investors are also turning their attention to Thursday’s September inflation figures, which could influence market expectations for interest rates.

Wells Fargo CEO sees continued strength among consumers and businesses

Wells Fargo (WFC) CEO Charlie Scharf said the bank’s customers remain financially resilient as the company reported its third-quarter earnings.

“Our data shows that our consumer and business customers are doing well,” Scharf said.

He pointed to increased consumer spending, low loan delinquencies and rising deposit and investment balances as signs of a healthy financial environment.

Scharf also said businesses continue to have solid balance sheets and relatively low losses. Although elevated interest rates, higher oil prices and persistent inflation remain economic risks, he believes strong employment, steady wage growth and investment in AI infrastructure are helping counter those challenges.

Wells Fargo shares traded slightly lower before the market opened. Earnings per share beat analyst estimates, but revenue fell short of expectations.

Cipher Digital slides 13% as it plans $850 million convertible debt sale

Cipher Digital (CIFR), which has moved away from its original Bitcoin mining focus toward data center operations, announced plans to issue $850 million in convertible notes maturing in 2032. The securities will carry a zero-percent coupon.

The company’s shares fell approximately 13% in premarket trading following the announcement.

Strive adds 3,311 BTC, taking total Bitcoin holdings to 32,773

Strive (ASST), led by Matt Cole, purchased another 3,311 Bitcoin last week, increasing its total holdings to 32,773 BTC.

The acquisition, valued at roughly $275 million, was financed through the sale of SATA preferred shares and proceeds generated by the exercise of warrants for common stock.

Strive shares have lost nearly 10% over recent sessions, partly because of the impact of those warrant exercises. The stock was little changed in Tuesday’s premarket session.

Arthur Hayes questions whether tokenization offers a profitable business model

Crypto industry veteran Arthur Hayes challenged the commercial case for tokenizing traditional financial assets on blockchain networks, questioning how much revenue the process can generate.

Hayes described moving securities from the Depository Trust & Clearing Corporation (DTCC) to a blockchain and argued that the technology’s potential benefits, such as improved recordkeeping, do not automatically translate into substantial profits.

He said the tokenization narrative has long faced questions about where the actual financial returns will come from.

However, Hayes indicated that he would not necessarily avoid a rally, suggesting investors could still purchase tokens if prominent Wall Street contrarians begin advocating for them.

Bitcoin’s rebound from its 50-day moving average points to persistent buying interest

Bitcoin recovered after stop-loss selling drove its price to approximately $81,000 during early Tuesday trading. The decline brought BTC back to its 50-day moving average, but buyers quickly emerged and lifted the price toward $83,700.

Stop-loss orders automatically sell an asset when it reaches a specified price. When many such orders are triggered together, they can accelerate a decline. Bitcoin’s 50-day moving average measures its average closing price over the previous 50 days and is often used to assess the medium-term trend.

Buyers defended the level on Tuesday, repeating a similar pattern from last Thursday, when Bitcoin bottomed near $80,400.

Alex Kuptsikevich, chief market analyst at FxPro, said the rebound demonstrated how quickly Bitcoin can recover after leveraged long positions are liquidated.

He suggested BTC could advance to $85,000 and potentially revisit $87,000, the upper end of last week’s trading range, if the decline proves to be a temporary correction. The rapid recovery could also signal improving demand for risk assets, although confirmation from other markets remains necessary.

Bitcoin climbs back toward $84,000 while ZEC and HYPE suffer steeper losses

Bitcoin moved through a roughly $3,000 range over the past 24 hours. After dropping to around $81,000 in early Asian trading, it rebounded above $84,000 before settling near $83,500 early Tuesday.

Altcoins experienced a weaker recovery. ZEC fell nearly 8% to approximately $1,210, while HYPE declined almost 6% to around $82. SOL and DOGE each dropped about 4%, and XRP lost roughly 3% to trade at $1.36. Ether and BNB fell between 1% and 2%, according to CoinDesk data.

The Crypto Fear & Greed Index dropped to 57. Although sentiment remained in the “greed” zone, the reading marked its lowest level since September 18.

The semiconductor selloff also continued. Nasdaq 100 futures slipped 0.5%, while an exchange-traded fund tracking chip stocks approached its sixth consecutive daily decline. Investors are questioning whether the pace of AI-related spending can continue amid safety concerns and signs of funding pressure.

JPMorgan shares fell more than 2% in early trading after the bank released its results, kicking off the U.S. earnings season. European shares moved in the opposite direction, with the Stoxx 600 rising 0.4% as oil prices and bond yields declined.

Thursday’s U.S. inflation report is the next major event for markets, with the data likely to shape interest-rate expectations and influence trading in cryptocurrencies and other risk-sensitive assets.