Bitcoin climbed back above $107,000 after a sharp weekend decline caused by rising Israel-Iran tensions, marking its first recovery in four days. The initial downturn saw BTC drop to $103,000, with over $1 billion in crypto positions liquidated. However, by Monday, investor sentiment shifted, with top cryptocurrencies like Solana, Ethereum, and Cardano posting gains. Analysts suggest Bitcoin’s rebound may be driven by broader macroeconomic factors, including rising oil prices and strong bond yields, rather than short-term relief. On-chain data also indicates capital rotation from altcoins into Bitcoin, potentially setting the stage for further BTC growth later in the year. Despite the rebound, Bitcoin remains in a consolidation phase, with $100,437 acting as a key support level.
read moreMacro-economic Trends
0 in Finance and 0 in Crypto last week
The Swiss National Bank’s Balancing Act: A Closer Look at its Bilanz
The Swiss National Bank’s balance sheet remains a topic of concern, with its size still significantly exceeding the country’s GDP. The bank’s massive balance, largely attributed to its actions during the financial crisis and efforts to combat the strength of the Swiss franc, continues to raise questions about potential risks and implications for future monetary policy. As the bank’s president prepares to step down, the focus on the SNB’s balance sheet and its impact on monetary policy becomes increasingly relevant.
read moreEthereum’s Prolonged Inflationary Period and Base Fee Dynamics Explained
Ethereum is experiencing its longest inflationary period due to a rise in circulating supply and a decrease in scarcity of ETH. This is attributed to the low base fee and increased layer-2 activity, resulting in more ETH being issued than burned. Despite this, Ethereum remains deflationary on a yearly basis, offering better returns compared to a proof-of-work system.
read moreEthereum’s Challenges Amidst Competitor Growth and ETF Launch Concerns
Ethereum’s potential rally to $3.7K appears unlikely due to stagnant demand growth, high gas fees, and concerns over the impact of the upcoming spot ETH ETF launch. Analysts project limited net inflows and emphasize the network’s minuscule revenue compared to its market capitalization, raising doubts about its investment viability amidst macroeconomic uncertainties. Competing blockchains like Solana and BNB Chain are gaining traction, posing challenges to Ethereum’s dominance despite its leadership in total value locked and decentralized application volumes.
read moreLabor Market Risks Could Trigger 10% Stock Correction, Warns Morgan Stanley
A potential labor slowdown could trigger a 10% stock correction, according to Morgan Stanley CIO Mike Wilson. If non-farm payrolls fall below 100,000 or unemployment rises past 4.3%, it could prompt the Federal Reserve to cut interest rates, potentially impacting stock prices and the overall market. Additionally, other risks include inflation, a Treasury yield jump, and concerns about federal debt.
read moreThe Intersection of AI and Bitcoin: A Decade-Long Trend Unveiled
The founder of Pomp Investments, Anthony Pompliano, believes that the rise of artificial intelligence (AI) will lead to increased wealth, which could then flow into Bitcoin as a store of value. He predicts that both AI and Bitcoin will be significant trends over the next decade, with AI generating wealth and Bitcoin protecting it. As Bitcoin trades at $60,859, Pompliano sees a potential for increased GDP due to AI productivity and Bitcoin safeguarding wealth.
read moreThe Challenge of Reversing the Tech Stock Decline in Wall Street
The stock market is experiencing a shift, with a decline in tech sector popularity. This trend may prove difficult to reverse, as highlighted in the Homestretch update by CNBC’s Investing Club with Jim Cramer.
read moreStock Market Expert Predicts S&P 500 to Reach 15,000 by 2030
Fundstrat’s Tom Lee predicts that the S&P 500 could surge by 175% to reach 15,000 by 2030, citing millennials and a global labor shortage as key drivers. He anticipates a 20% annual price appreciation, with earnings growth and a 5% yearly PE expansion contributing to the bullish projection. Lee also emphasizes the resilience of businesses post-COVID-19, suggesting that stocks deserve a higher valuation multiple.
read moreWall Street Rallies as Nvidia Drags, Oil Stocks Lead Market Upsurge
Most U.S. stocks are rising today, with the S&P 500 nearing its record set last week. The Dow Jones Industrial Average is up 1%, led by a rally in oil-and-gas company stocks, while the Nasdaq composite is lower due to a slide in Nvidia. Oil prices are hovering near their highest levels since April, with Exxon Mobil and oilfield services provider SLB among the gainers.
read moreEquity Market Leadership Expected to Remain Limited Without Economic Boost
The stock market is expected to continue being dominated by a small number of leaders, according to Morgan Stanley strategist Mike Wilson. He suggests that for more diversity in trading, equities will need a boost from the economy or the bond market.
read more