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Weekly Market Snapshot: Mideast Tensions and Chip Selloff Rattle Global Markets (July 13–17)

  Week of July 13–17, 2026 It was a rough week to be a tech investor and a good week to own oil. Escalating conflict between the US and Iran pushed crude sharply higher and rattled global markets, while a fresh wave of selling in semiconductor stocks dragged US and Asian indices lower. Closer to home, the Bank of Canada held its key rate steady, and the TSX—less exposed to chipmakers—held up noticeably better than its US and Asian peers. Here’s how the week broke down across every major market, and what it means for your wallet. 🇨🇦 Canada: TSX Day Close Change Mon, Jul 13 35,252.72 -0.15% Wed, Jul 15 (BoC day) 35,416.20 +0.27% Thu, Jul 16 35,340.15 -0.21% Fri, Jul 17 ~35,262 -0.22% Week total (Fri-to-Fri) — ~flat (about -0.1%) The TSX had a choppy but ultimately quiet week compared with its global peers. Monday's session opened with the Strait of Hormuz blockade headlines and closed lower. Wednesday brought a relief rally after the Bank of Canada's rate hold, with financials ...
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Bitcoin Hits Record High, Analysts Predict $100,000 Milestone

 

Bitcoin surged to a new all-time high this week, surpassing $70,000 amid growing optimism about institutional adoption and a favorable regulatory outlook. The milestone has reignited discussions about the cryptocurrency’s potential to reach $100,000, a target long anticipated by bullish investors and analysts.

The rally comes as major financial institutions increasingly embrace Bitcoin. Recent developments, including the approval of Bitcoin exchange-traded funds (ETFs) and heightened interest from large asset managers, have fueled demand. Additionally, global economic uncertainties and inflation concerns have bolstered Bitcoin’s appeal as a hedge.

Market experts suggest the psychological $100,000 mark could be achievable by early 2025 if current trends persist. “Bitcoin’s scarcity, combined with growing institutional involvement, creates a strong foundation for long-term growth,” said a report from Glassnode.

However, analysts caution against potential volatility, noting that Bitcoin’s price movements often correlate with shifts in market sentiment and macroeconomic developments.

As Bitcoin continues its upward trajectory, its role in the global financial ecosystem appears increasingly significant, sparking renewed interest from retail and institutional investors alike.


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