This week is characterized by macroeconomic reports, which include the minutes from last month’s Federal Open Market Committee (FOMC) meeting, as well as economic data that may provide insights into the Federal Reserve’s next moves.
Crypto-linked equities are also in the news, with American Bitcoin (ABTC) dodging a Nasdaq delisting after a reverse split.
SpaceX, Elon Musk’s space transportation and AI company, joins the Nasdaq 100, becoming the fourth member of the tech-heavy index to hold bitcoin . Index membership is likely to boost demand for the shares, partly because tracker funds need exposure to the company and partly because the stock is more likely to meet firms’ investment criteria.
Others include Tesla (TSLA),…
