Bitcoin’s summer rally expectations have risen in tandem with the Nasdaq’s thanks to Tesla’s performance


Bitcoin is safeguarding $30,000 as US stock markets have a lacklustre start to the second half of the year.

US futures had a flat and choppy path on the first trading day of the second half of the year. If a market doesn’t have a clear direction at the beginning of the week, it will have one when new information is released.

The Dow is down 0.07 percent, the S&P is up 0.08 percent, and the Nasdaq is up 0.35 percent, thanks in large part to Tesla’s stock price. Pre-market trade was up 6% after Tesla reported stronger-than-expected demand for its electric vehicles over the weekend.

After being open for half a day today, US stock markets will be closed tomorrow in observance of Independence Day. The futures markets showed little movement because of tomorrow’s vacation and the lack of a new stimulus.

Tom Lee, who has been in the bull mode for some time, believes that the increase in the stock markets will continue regardless of what the FED does in the second half of the year.

Lee, head of research at Fundstrat, expects inflation will fall further in the second half of the year, helping us see a more dovish Fed, therefore he’s raising his target prices on US stock markets.

Bitcoin, which has increased by more than 100 percent in 2023, has been trading sideways over $ 30,000 for some time. While Bitcoin’s staunch defence of the psychological ceiling of $30,000 is inspiring for altcoins, hopes for a summer rally are on the rise.

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