Veteran trader Peter Brandt forecasts a significant rally in the S&P 500, with futures nearing $7,550 and a potential rise to $7,904, driven by positive market sentiment after the US-Iran peace deal announcement. Bitcoin also rebounded over 3%, boosted by the peace deal and falling oil prices, but it remains in a descending channel and needs to hold $65,000 support for further recovery. Investors are watching the upcoming FOMC meeting for cues on US monetary policy, while Bitcoin futures show bullish sentiment with increased trading volume and open interest.
When adjusted for the growth in the U.S. M2 money supply, both bitcoin and the S&P 500 show weaker valuations than their nominal prices suggest. Bitcoin's price relative to money supply has formed a bearish pattern, indicating its edge over dollar su...
Upbit, one of South Korea's largest crypto exchanges, has listed the meme-inspired token SPX6900 with trading pairs in Korean won (KRW), Bitcoin (BTC), and Tether (USDT). This multi-pair listing allows both local retail traders and international cryp...
