Bitcoin topped in October 2025, ending the three-year bull cycle. The market is now unfolding a higher-degree corrective phase, with wave A in progress and a broader wave IV expected to play out through 2026.

Stocks are confidently higher midday, as investors step back into tech names and put Wall Street on track to close a choppy week on a high note.

MSTR, a leveraged Bitcoin proxy, reports $12 billion loss.

The EIA projects dry natural gas production to climb 1% in 2026 to around 109 Bcf/d, driven by Permian Basin expansions and new takeaway capacity coming online in the latter half of the year.