U.S. Debt Drama Shakes Markets, Bitcoin Soars to New Heights

Holy smokes, the U.S. government's debt is sending investors into a frenzy, causing a nosedive in the markets while Bitcoin just hit a mind-blowing all-time high!

Listen up, folks, U.S. public debt is setting off alarm bells for investors, and this comes just as Bitcoin (BTC) is skyrocketing to new peaks. On May 21, the S&P 500 tanked to 5,882.35 points, down a hefty 0.98%. Meanwhile, the tech-heavy Nasdaq wasn't faring much better at 21,232.05, down 0.63%. And get this—the Dow Jones was deep in the red at 42,059.08, hemorrhaging a whopping 620.63 points, or 1.46%.

Hold onto your hats, because investors are zeroing in on U.S. debt like never before. Those soaring bond yields? They're threatening to blow the government deficit through the roof. The latest $16 billion auction of 20-year Treasury bonds was a total flop, with investors showing zero interest, which sent bond yields into the stratosphere. And if that wasn't bad enough, the U.S. just got slapped with a credit rating downgrade from Moody's, kissing its perfect score goodbye.

But wait, there's more! The U.S. Congress is cooking up a new bill to keep those Trump-era tax cuts going. Sure, it'll pump up disposable income, especially for the big earners, but it's also got everyone worried about blowing the federal deficit wide open.

Now, here's where it gets wild—this chaotic economic landscape seems to be playing right into Bitcoin's hands. The crypto king just smashed its all-time high, while gold's also shining bright, up 0.94% to $3,313.5 per ounce.

Tech Stocks, Healthcare Plummet, Google Stock Surges 4%

Hang tight, because nearly all the top 30 companies on the Dow Jones are taking a beating, from tech to retail and healthcare. But hold up—Alphabet's stock on the Nasdaq just rocketed 4% thanks to Google's hot new AI announcement. The tech giant's shaking things up, redefining search to be as slick as those big AI models.

And over at UnitedHealth, it's one scandal after another. The latest bombshell? Reports that they tried to skimp on insurance payouts by bribing nursing homes to keep patients out of hospitals. This could spell big trouble and a boatload of lawsuits, and their stock just tanked 6% on the news.