Today is Monday, February 2, 2026.
The Early Bird Index today is 82.84.
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Bitcoin Hits One-Year Low
Bitcoin $BTC ( ▲ 0.85% ) suffered another big drop this past weekend. It fell to under $75,000, its lowest price in the past year, as the selloff in Bitcoin continues.
Details: Bitcoin’s price is now down 13% to start 2026. It is down 31% in the past six months.
Early Bird’s Nest Egg Gains: Bitcoin’s weekend drop was driven mainly by a big leverage flush in crypto derivatives, spilling over from broader “de-risking” and deleveraging across assets.
The Fed held rates steady this past week, which had already pressured Bitcoin, and a sharp sell‑off in gold and silver triggered broader deleveraging as traders sold other positions to cover losses.
Over $2 billion of crypto derivatives were wiped out this weekend, the largest in months.
The drop looks more like a classic leveraged washout than a single new fundamental shock to Bitcoin itself.
Final Thoughts: And it’s not just Bitcoin, as most major cryptocurrency prices are also down big this weekend.
Dalio: “Stocks Only Look Strong in Dollar Terms.” Here’s a Globally Priced Alternative for Diversification.
Ray Dalio recently reported that much of the S&P 500’s 2025 gains came not from real growth, but from the dollar quietly losing value. Reportedly down 10% last year!
He’s not alone. Several BlackRock, Fidelity, and Bloomberg analysts say to expect further dollar decline in 2026.
So, even when your U.S. assets look “up,” your purchasing power may actually be down.
Which is why many investors are adding globally priced, scarce assets to their portfolios—like art.
Art is traded on a global stage, making it largely resistant to currency swings.
Now, Masterworks is opening access to invest in artworks featuring legends like Banksy, Basquiat, and Picasso as a low-correlation asset class with attractive appreciation historically (1995-2025).*
Masterworks’ 26 sales have yielded annualized net returns like 14.6%, 17.6%, and 17.8%.
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*Based on Masterworks data. Investing involves risk. Past performance is not indicative of future returns. Important Reg A disclosures: masterworks.com/cd.
Notables
Notable Earnings Today: Walt Disney (NYSE: DIS), Palantir Technologies (Nasdaq: PLTR), NXP Semiconductors (Nasdaq: NXPI), Fabrinet (NYSE: FN), Tyson Foods (NYSE: TSN), Simon Properties (NYSE: SPG), Aptiv (NYSE: APTV), Teradyne (Nasdaq: TER), IDEXX Labs (Nasdaq: IDXX), Ashland (NYSE: ASH), Kforce (NYSE: KFRC), MGIC Investment (NYSE: MTG), NJ Resources (NYSE: NJR), Revvity (NYSE: RVTY), Woodward (Nasdaq: WWD), Napco Security Systems (Nasdaq: NSSC), DaVita (NYSE: DVA), Hess Midstream Partners (NYSE: HESM), Healthpeak Properties (NYSE: DOC), Capital Southwest Corp. (Nasdaq: CSWC), Alliance Resource Parners (Nasdaq: ARLP), Rambus (Nasdaq: RMBS), Sierra Bancorp (Nasdaq: BSRR), Twist Bioscience (Nasdaq: TWST).
Notable IPOs Today: White Pearl Acquisition Corp. (NYSE: WPAC), Polaryx Therapeutics, Inc. Common Stock (Nasdaq: PLYX), Community Bancorp. Common Stock (Nasdaq: CMTV), Bluerock Acquisition Corp. Class A Ordinary Shares (Nasdaq: BLRK).
Notable Equity Crowdfunding Campaigns Ending Today: GoSun (StartEngine), Vita Imaging (StartEngine), Grower’s Secret (StartEngine).
Notable Economic Events Today: S&P Global Manufacturing PMI (9:45 a.m. ET), ISM Manufacturing Prices / PMI / Employment (10:00 a.m. ET).
Oracle's Cloud Investment Plan
On Sunday, Oracle $ORCL ( ▲ 2.9% ) announced plans to raise $45 billion to $50 billion in order to build additional capacity for the company’s cloud infrastructure customers.
Details: The company plans to raise the funds through a combination of equity and investment-grade senior unsecured bonds.
Background: Oracle’s cloud plans come amid concerns about AI spending and the lack of positive returns. The company also recently became a major investor in TikTok’s U.S. venture.
Final Thoughts: In the last six months, Oracle has been down over 30%.
Disney’s New CEO Decision
Disney $DIS ( ▼ 5.02% ), which reports financial earnings results today, may have a new leader. Bloomberg reported on Sunday that Disney is close to picking parks chief Josh D’Amaro as its next CEO.
Final Thoughts: Disney’s stock is down about 1% in the past year.
Trends to Watch
It’s Crude: Oil prices fall by 3% on US-Iran de-escalation (Reuters)
Tough First Day Conditions: Target’s New C.E.O. Faces Hometown Crisis as He Begins Turnaround Effort (New York Times)
A Potential Change: The Housing Market Is Swinging Toward Buyers (Wall Street Journal)
AI Bubble: Pledge to Invest $100 Billion in OpenAI Was ‘Never a Commitment,’ Says Nvidia's Huang (Bloomberg)
Golden Descent: Gold and silver extend sell-off after historic plunge — yellow metal drops 5% (CNBC)
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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations, and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.
