Big Gainers: Gold back above $5k; Walmart joins Trillion-Dollar club; TRIA soars 400% on Bybit debut
Risk assets such as equities and cryptos are attempting to find a solid footing, while gold is making a comeback.
At the time of writing on this Wednesday, Feb 4:
Bitcoin (Bybit: BTC/USDT) briefly sank to its lowest prices since 2024, before rebounding slightly - ensuring the $74,500 support zone we had highlighted at the onset of this week remains intact, for now. Still, the world's OG cryptocurrency remains some 40% below its all-time high posted back in October 2025.
The broader CoinDesk 20 index however is dipping slightly, down 0.2% at the time of writing.
Bybit's SP500 - which tracks the benchmark S&P 500 stock index - fell after getting to within a whisker of its all-time intraday high (7017.53, posted on Jan 28th). Still, it has once again found support around its 50-day simple moving average (SMA), while we note the stern resistance around the psychologically-important 7,000 level.
Gold (Bybit: XAUUSD+) is shaking off last week's dramatic drop - including its biggest intraday decline since the early 1980s on Friday (Jan 30) - and has returned back above the $5,000 big, round number.
Gold has clearly attracted dip buyers - prospects we had highlighted since Monday (Feb 2).
The selloff that began late last week was more about over-crowded trades being liquidated, triggered by President Trump's surprise pick for Fed chair - Kevin Warsh, rather than weak gold fundamentals or a sudden capitulation in demand for bullion.
Walmart's market cap breaks above US$ 1,000,000,000,000!
Despite the pullback in US equities, led by tech stocks, there was a household name that stood out!
Walmart (Bybit: WMT) - the world's largest retailer - is now valued at 1.018 trillion US dollars!
For context, US companies that have broken this trillion-dollar threshold typically are Big Tech companies:
1. Nvidia: $4.38 trillion
2. Alphabet: $4.10 trillion
3. Apple: $3.96 trillion
4. Microsoft: $3.05 trillion
5. Amazon: $2.55 trillion
6. Tesla: $1.58 trillion
7. Broadcom: $1.52 trillion
8. Meta: $1.51 trillion
9. Berkshire Hathaway: $1.07 trillion
10. Walmart: $1.02 trillion
Walmart is the best-performing member of the "Trillion Dollar Club' (listed above) so far this year; WMT has soared 14.6% year to date.
NOTES about the "Trillion-Dollar Club":
The share prices of most of the 10 biggest members of the Trillion-Dollar Club (listed above) have fallen so far in 2026 EXCEPT Alphabet (+8.5% year-to-date), Meta (+4.8%), and Amazon (+3.4% year-to-date), and Walmart of course.
2 of these trillion-dollar giants are set to report their respective earnings over the next 48 hours: Alphabet (after US markets close Wed, Feb 4), and Amazon (after US markets close Thur, Feb 5).
Pharma giant, Eli Lilly, has a market cap of $0.95 trillion - on the verge of joining the illustrious list above.
Outside the US, oil giant Saudi Aramco is also valued at over US$ 1 trillion.
TRIA skyrockets as much as 453% from initial listing price
TRIA was listed on Bybit Spot yesterday (Tue, Feb 3).
From an initial price of 0.004, it has since soared to as much as 0.022135 today (Wed, Feb 4)!
Tria claims to be the "fastest growing self-custodial neobank in history".
Through a single app, it strips away gas fees, wallets, and other cross-chain complexities, so that users can trade, stake, earn, and manage assets across blockchains while retaining full control of their digital funds.