Five companies worth a combined $13 trillion all beat expectations in the same week. The market responded accordingly.

Apple, Alphabet, Microsoft, Meta, and Amazon each delivered double-digit revenue growth in their latest quarterly reports, pushing major stock indices to fresh highs. Crypto, ever the eager plus-one at the risk asset party, tagged along. Bitcoin climbed near $78K, Ethereum pushed above $2,300, and the broader digital asset market added billions in value on the back of earnings it had absolutely nothing to do with.

The numbers behind the rally

Bitcoin gained 2.7% over the past 24 hours, trading just below the $78K mark. Over the past seven days, the move is more modest, a 0.6% grind higher that…