Despite US stock markets being closed for a holiday, US stock futures are surging with major indices rising significantly. This includes the Nasdaq 100 futures jumping 1.4% and S&P 500 futures increasing by 0.92%. Experts believe that if AI continues to accelerate productivity gains and corporate profit growth, the technology sector will continue to rise.
On the other hand, Bitcoin remains stuck within a narrow trading range of $75,000 to $78,000. The recent CME gap was unfilled last week, indicating strong selling pressure on the cryptocurrency. Analysts predict potential short-term decline and price targets, with some predicting a fall to as low as $60,000 if support levels are broken.
However, there is also a bullish view among analysts who believe that geopolitical easing and support from spot buying could fuel Bitcoin's renewed upward momentum. They point out that liquidity sweeps at key technical levels have helped drive the cryptocurrency's price up.