Happy Monday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- President Trump says he thinks the U.S. is "very close to reaching an agreement with Iran," with only "two outstanding points" that are not big ones.
- Bitcoin surged around 5% to $64,000 following positive signals on an Iran deal.
- Huge short liquidations occurred in the crypto market, with $320 million wiped out in a short period.
- Michael Saylor hinted at further Bitcoin accumulation, describing it as "a good time to add more dots."
- South Korea's KOSPI stock market halted trading after an 8.4% crash, triggering a circuit breaker.
- Elon Musk is projected to potentially become the world's first trillionaire with SpaceX's IPO on June 12th.
- S&P 500 earnings growth is expected at 25% this year, driven heavily by big tech gains — levels rarely seen outside post-recession periods.
- Apple is trading at over 10x sales, marking the highest valuation in the company's history.
- The S&P 500 ETF dividend yield has dipped below 1%, nearing all-time lows.
📊 Altcoin Market Updates 📊
- Solana is forecasted by Kalshi traders to potentially reach a low of $57 this month.
- Hyperliquid achieved record highs in weekly revenue and its share of perpetual futures open interest.
- Solana perp DEX volumes remain at lows compared to competitors like Hyperliquid.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
$BTC $ETH $SPX500 $QQQ $OIL
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Written by Timothy Assi, an Elite Popular Investor on eToro.
Not investment advice. eToro is a multi-asset investment platform. Your capital is at risk. For information and educational purposes only.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
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