Bitcoin and crypto stocks rally, solar stocks hit, IonQ surges

00:00 Speaker A

It’s time for Yahoo! Finance’s market minute. Bond yields retreating from earlier highs. The 30 years still over 5%. Bond traders are wary that the President Trump backed budget bill could add trillions of dollars to the deficit. Crypto related stocks, Coinbase, Marathon Digital, and strategy all rising today as the crypto rally rages on. Bitcoin trading above $111,000 per coin today. Meanwhile, solar stocks are sinking as the budget bill that passed the house this morning threatens Biden era green energy tax credits. New rules could make it more difficult for many solar projects to qualify for the incentives. And shares of IonQ surging after the company CEO said it’s aiming to become the Nvidia of quantum computing in an interview with Barron’s. The chief executive pointing out that IonQ is the largest public quantum company by market cap, saying he feels it’s in a good position about its competitive positioning here. And that’s your Yahoo! Finance market minute. For more on what’s trending on Yahoo! Finance, scan the QR code below.