U.S. Debt Chaos Sends Markets Tumbling—But Bitcoin Soars to New Heights!

Holy smokes, folks! The U.S. government's debt is sending shivers down investors' spines, causing a wild nosedive in the markets. But guess what? Bitcoin's hitting the roof, reaching an all-time high amid all this chaos!

The U.S. public debt is freaking investors out big time, while Bitcoin (BTC) is partying like there's no tomorrow at its peak. On May 21, the S&P 500 was down in the dumps at 5,882.35 points, dropping 0.98%. The tech-heavy Nasdaq wasn't faring much better at 21,232.05, down 0.63%. Meanwhile, the Dow Jones was drowning in red ink at 42,059.08, losing a whopping 620.63 points, or 1.46%!

Investors are losing sleep over the U.S. debt, with those pesky rising bond yields threatening to blow the government deficit through the roof. The latest $16 billion auction of 20-year Treasury bonds? A total flop with investors, sending bond yields soaring. And if that wasn't enough, the U.S. got hit with a credit rating downgrade from Moody's, kissing its perfect score goodbye.

As if that wasn't enough drama, the U.S. Congress is throwing a new bill into the mix to extend those Trump-era tax cuts. Sure, it'd put more cash in high-income earners' pockets, but it's also got folks worried about blowing the federal deficit wide open even more.

But hey, in the midst of this economic rollercoaster, Bitcoin's having a field day, hitting a new all-time high! Even gold's getting in on the action, jumping 0.94% to $3,313.5 per ounce.

Tech Stocks and Healthcare in the Gutter, But Google's Stock Soars 4%!

Hold onto your hats, 'cause almost every big name on the Dow Jones is taking a hit—tech, retail, healthcare, you name it. But wait, there's a glimmer of hope! Alphabet's stock on the Nasdaq shot up 4% thanks to Google's slick new AI announcement. The tech giant's working on shaking up search, making it vibe like those big AI models.

And then there's UnitedHealth, which just can't catch a break. Scandal after scandal, and now reports are out that they tried to skimp on insurance payouts by bribing nursing homes to keep patients out of hospitals. Talk about shady! This mess has the insurance giant staring down the barrel of potential lawsuits, and their stock took a 6% nosedive on the news.