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Goldman Sachs upgraded Palantir to buy from neutral, saying the company is well placed to benefit from faster growth in bespoke software and sovereign AI. The firm also cited Palantir’s expansion in financial services, semiconductors, neoclouds and U.S. government work.
Bitcoin and other major cryptocurrencies fell in risk-off trade as volumes rose and long positions were liquidated, according to Coinglass. Bitcoin dropped 2.7% to $81,151, while ethereum fell 4.9% and XRP slid 5%.
CryptoQuant said bitcoin miners moved back into profitability in late August when bitcoin crossed $76,000, and that they are no longer dumping bitcoin to stay afloat. Bitcoin fell 2.6% to $81,272.