Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now Shanghai - Delayed Quote • CNY SRBG (600039.SS) Follow Compare 7.34 +0.02 +(0.27%) At close: February 28 at 3:00:03 PM GMT+8 Related News Trump Tariff Threats Have Turned the Stock Market’s Winners and Losers Upside Down Investors are ditching risky corners of the market for areas perceived as havens, reversing recent trends. Big Fund Buys MicroStrategy and Nu Holdings Stock. Sells Dollar General and Celsius. The California State Teachers’ Retirement System bought more MicroStrategy and Nu Holdings stock, and slashed positions in Dollar General and Celsius Holdings in the fourth quarter. Crypto Currents: SEC dismisses civil enforcement action against Coinbase As bitcoin, ethereum and other cryptocurrencies get increasing attention from investors, Wall Street and its traditional banks continue to adjust to the shift. Catch up on this week’s top stories highlighting the intersection of these old guard and new school areas of finance with this recap compiled by The Fly. SEC DISMISSES CIVIL ENFORCEMENT ACTION AGAINST COINBASE: The Securities and Exchange Commission announced Thursday that the Commission has filed a joint stipulation with Coinbase (COIN) Cathie Wood on bitcoin's sell-off & why Nvidia is a growth stock Ark Invest CEO Cathie Wood is as bullish as ever when it comes to bitcoin (BTC-USD). The cryptocurrency fell nearly 17% in February, but Wood believes "most people in the traditional financial world are extremely underweight" the asset. Speaking with Yahoo Finance Executive Editor Brian Sozzi at the Bitcoin Investor Week conference in New York City, Wood also had plenty to say about Nvidia (NVDA). She thinks the stock is still a growth stock, saying the AI market "won't be Nvidia's alone, but all praise to Nvidia for the incredible opportunities it has created. It really got the AI revolution going and we think it's still going to play a mighty role." Watch the video above to hear what Wood has to say about the decline in Tesla's (TSLA) shares. For more expert insight and the latest market action, click here. This post was written by Stephanie Mikulich. February fallout, China stocks, bitcoin drop: Market Takeaways February was a challenging month for equities as all three of the market averages (^DJI, ^IXIC, ^GSPC) saw monthly declines, with the S&P 500 experiencing its worst month since December. Yahoo Finance Markets and Data Editor Jared Blikre joins Asking for a Trend host Josh Lipton to discuss the psychological factors affecting investors — such as loss aversion — while also looking ahead to March seasonality trends, strong performances from Chinese stocks like Alibaba (BABA), and the uncertain future of bitcoin (BTC-USD) following a significant drop. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Josh Lynch Bitcoin's pullback is 'typical,' Senator Lummis explains Senator Cynthia Lummis (R-WY) joins Market Domination to share her perspective on the cryptocurrency market as bitcoin (BTC-USD) drops below $85,000. "It's not unusual for assets, at this point in time, after a change in presidency, to pull back," she explains to Yahoo Finance, adding that it is "typical" in February for assets to see a "slump" after a new president takes office. However, she notes that it would be a "surprise" if bitcoin didn't recover during the second quarter this year. Regarding bitcoin reserve legislation, Lummis emphasizes, "We need to help people understand that short-term volatility is going to happen with bitcoin — it always has. The goal of a strategic reserve is to buy or convert current assets into bitcoin and then hold them ... that way, we can remove the short-term volatility from the equation and look at this as a long-term strategic asset." Nonetheless, she acknowledges, "We have more work to do," though remains confident it can be accomplished under what she considers a "favorable" Trump administration. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith Bitcoin falls nearly 17% in February to cap worst month since June 2022 Bitcoin fell roughly 17% in February to around $84,000 — the cryptocurrency's biggest drop over one month since June 2022. Trump's 'blanket approach' on tariffs leaves risk for recession Ukrainian President Volodymyr Zelenskyy's meeting with US President Trump and Vice President JD Vance turned heated as the American leaders pressed him, with Trump later writing that Zelenskyy is "not ready for peace." SkyBridge founder Anthony Scaramucci sits down with Yahoo Finance Executive Editor Brian Sozzi at the Bitcoin Investor Week conference in New York to express his thoughts on the matter, applauding Zelenskyy's resolve to stand against Russian President Vladimir Putin's invasion for the last three years. Scaramucci — who briefly served as the White House Director of Communications in the first Trump administration — goes on to discuss the negative effects of President Trump's tariffs on US consumers. "Remember tariffs are a tax, and they're primarily a consumer tax, [it's] a consumption tax, sort of like a VAT [value-added tax]. And that’s a regressive tax. So what ends up happening is the poor people, it eats up more of their disposable income than any other income group," Scaramucci says. He also warns about the possibility of a recession through these combative trade policies: "I don't think this sort of blanket approach is the right way to do it, and I think he's [Trump] is going to put us into a recession, frankly." Scaramucci also addresses the future of cryptocurrency in the face of ongoing political changes Also catch Brian Sozzi's full interviews with Professional Capital Management founder and CEO Anthony Pompliano and Figure Markets founder and CEO Mike Cagney from the Bitcoin Investor Week conference. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Josh Lynch Meme Coin Statement Is a Sign of Changing Crypto Priorities at SEC With the dismissal of crypto investigations and enforcement actions and a staff memo on meme coins, the agency is taking a sharply different approach than the previous administration. Michael Saylor: ‘Sell a kidney if you must, but keep the Bitcoin’ as BTC drops below $85K Bitcoin plunges below $85K, triggering a 20% drop from its all-time high. Blockchain is at 'tipping point' as tradfi moves in: Mike Cagney Bitcoin (BTC-USD) saw a sharp decline since its all-time high in January 2025 but has since rebounded back above $84,000. At Bitcoin Investor Week in Manhattan, Figure Markets founder and CEO Mike Cagney shares his perspective on the ongoing cryptocurrency market fluctuations with Yahoo Finance Executive Editor Brian Sozzi. Cagney emphasizes that the recent bitcoin price dip is part of normal market volatility. "I don't put too much stock in terms of what's happened. It's just typical bitcoin volatility," Cagney says, adding that the crypto market's fundamentals are improving despite short-term setbacks. When discussing the industry’s future, the SoFi (SOFI) co-founder and former CEO highlights the increasing involvement of traditional finance in blockchain technology: "Look, I think we're at a tipping point in particular where we're going to see a lot of TradFi move into blockchain finally." Also catch Yahoo Finance's full interview with SEC Commissioner Hester Peirce. "I think with a lot of regulatory clarity that's going to come through this year, you're going to see a lot of traditional entrants, especially within the bank and financial services sector, come into blockchain in a serious way, and it's supportive for the whole ecosystem," Cagney explains. Additionally, Cagney notes the long-term potential of blockchain incorporation, predicting that in “the next four years, you're going to see real innovation. Real transformation,” and asserts that the current market is fundamentally different from past crypto winters. Also catch Yahoo Finance Executive Editor Brian Sozzi sit down with Professional Capital Management founder and CEO Anthony Pompliano at Bitcoin Investor Week to discuss the digital asset's volatile nature. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Josh Lynch New investors pumped up bitcoin ETFs. Now some are exiting. Investors who piled billions into new bitcoin ETFs over the last year are pulling some of that money back out as the world’s largest cryptocurrency experiences its worst correction since a 2022 meltdown. Is a bitcoin price winter coming? The bitcoin price sell-off persists. 'Crypto president' no more? Trump's tariffs have helped wipe out $1 trillion in value since December The crypto sell-off accelerated Friday, briefly dragging bitcoin under $80,000. Tariff fears have weighed on bullishness fueled by Trump's election. Coinbase’s stock slides nearly 30% as Bitcoin tanks Other fintech firms that have a crypto business have also seen their stocks dip, including Robinhood. Stocks to Watch on Friday: Nvidia, MicroStrategy, HP ↗️ Nvidia (NVDA): The chip stock rose about 2% Friday, reversing an initial drop. It had slid 8.5% Thursday following blockbuster earnings that weren't quite blockbuster enough for investors. ↘️ HP (HPQ): The printer and computer maker posted a drop in quarterly profit and said prospective tariffs would drag on its next set of results. Zacks Investment Ideas feature highlights: Robinhood Markets and Coinbase Global Robinhood Markets and Coinbase Global are part of the Zacks Investment Ideas article. MicroStrategy Stock Rises as Bitcoin Bounces Back From $80,000 As the largest corporate holder of Bitcoin, the stock’s direction is largely tied to that of the cryptocurrency Watch These Strategy Price Levels as Stock Has Followed Bitcoin's Decline Shares of Strategy, formerly known as MicroStrategy and one of the world's largest holders of bitcoin, have fallen sharply this month as the digital currency has slumped. Monitor these crucial chart levels. Bitcoin's volatile sell-off is 'very natural': Anthony Pompliano Bitcoin's (BTC-USD) recent sell-off has caused concern among many investors as the cryptocurrency dropped by over 25% since it's record high in January. Professional Capital Management founder and CEO Anthony Pompliano sits down with Yahoo Finance Executive Editor Brian Sozzi at Bitcoin Investor Week to reassure crypto investors of the digital asset's volatile nature and that bitcoin has historically seen several drawdowns of 30% or more during previous bull markets. "Really what we're seeing is just what has always happened, bitcoin is a volatile asset. That's what people are buying — it's buying volatility. So if you want bitcoin to go up, you've got to be okay with it going down sometimes, and these kind of cooling off periods, or these consolidations, are very natural," Pompliano tells Yahoo Finance. Regarding the broader market, Pompliano notes that bitcoin’s current decline is tied to global liquidity: "Bitcoin just happens to be the asset that is most sensitive to global liquidity. Whenever you get that sensitivity, if liquidity is contracting, bitcoin will go down." Additionally, the conversation shifts to where Pompliano talks about the potential impact of the US buying bitcoin as part of a strategic bitcoin reserve, suggesting that it could drive prices much higher. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Josh Lynch Performance Overview Trailing total returns as of 2/28/2025, which may include dividends or other distributions. Benchmark is SSE Composite Index Return 600039.SS SSE Composite Index YTD +0.82% -0.92% 1-Year -2.13% +12.27% 3-Year +1.57% -4.08%