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Bitcoin (BTC) treaded water at Thursday’s Wall Street open as the S&P 500 reached new all-time highs.Key points:Bitcoin stays locked on $74,000 after its local highs preceded a new record for the S&P 500.Analysis warns that the US midterm elections may impact the stock rally.Bitcoin could follow the Nasdaq 100 higher, a trader suggests.BTC price tripped after fresh highs from the S&P 500Data from TradingView showed $74,000 continuing to form an intraday BTC price focus.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewUS jobless claims came in marginally below expectations at 207,000 versus 213,000, pointing to the labor market withstanding current geopolitical and inflation…

The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +0.80%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.40%.  June E-mini S&P futures (ESM26) rose +0.79%, and June E-mini Nasdaq futures (NQM26) rose +1.41%.Stock indexes settled mostly higher on Wednesday, with the S&P 500 and Nasdaq 100 posting new all-time highs.  Optimism around a potential peace deal in the Middle East is supporting stocks. The AP reported on Wednesday that the US and Iran reached an “in-principle agreement” to extend the ceasefire to allow for more diplomacy.  The US and Iran are considering…

DJIA38904.04 307.06S&P 5005204.34 57.13NASDAQ16248.52 199.44Russell 20002060.10 8.70German DAX18163.94 -238.49FTSE 1007911.16 -64.73CAC 408061.31 -90.24EuroStoxx 505013.35 -57.20Nikkei 22538992.08 -781.06Hang Seng16723.92 -1.18Shanghai Comp3069.30 -5.66KOSPI2714.21 -27.79Bloomberg Comm IDX102.90 0.64WTI Crude-fut91.17 0.01Brent Crude-fut86.57 1.15Natural Gas1.79 0.00Gasoline-fut2.79 -0.01Gold-fut2345.40 33.50Silver-fut27.50 0.46Platinum-fut940.60 -5.50Palladium-fut1007.40 -23.60Copper-fut423.60 1.85Aluminum-spot1815.00 0.00Coffee-fut212.50 5.75Soybeans-fut1185.00 5.00Wheat-fut567.25 11.00Bitcoin67976.00 304.00Ethereum USD3328.10 56.27Litecoin98.71 0.69Dogecoin0.18 0.00EUR/USD1.0862 0.0007USD/JPY151.72 -0.02GBP/USD1.2678 0.0016USD/CHF0.9044 -0.0014USD IDX104.28 0.08US 10-Yr TR4.4 0.091GER 10-Yr TR2.406 0.007UK 10-Yr TR4.064 -0.005JAP 10-Yr TR0.771 -0.004Fed Funds5.5 0SOFR5.32 0

Bitcoin (BTC) circled $74,000 at Wednesday’s Wall Street open as US stocks edged higher on news that the US and Iran may be open to another round of ceasefire negotiations.Key points:Bitcoin consolidates as analysts warn that stocks may be too optimistic over geopolitical relief.The S&P 500 approaches new all-time highs despite questions over Iran’s uranium enrichment.Bitcoin traders note missing components to support a true trend change.Iran conflict lacks “genuine resolution”Data from TradingView showed declining BTC price volatility after a trip to two-month highs the day prior.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewStocks continued a recovery on the day as US President Donald…

The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +1.18%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.66%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.81%.  June E-mini S&P futures (ESM26) rose +1.18%, and June E-mini Nasdaq futures (NQM26) rose +1.76%.Stock indexes rallied sharply on Tuesday, with the S&P 500 posting a 2-month high, the Dow Jones Industrial Average a 1.25-month high, and the Nasdaq 100 a 2.25-month high.  Optimism that the US and Iran will extend the two-week ceasefire knocked crude oil prices sharply lower on Tuesday and pushed stocks higher.  The US and Iran are in discussions…

Morgan Stanley Investment Management has launched the Morgan Stanley Bitcoin Trust (MSBT), an exchange-traded product designed to track the performance of bitcoin, marking a significant step into digital assets for a U.S. bank-affiliated asset manager.  The launch positions Morgan Stanley as the first U.S. bank-affiliated firm to offer a cryptocurrency ETP, reflecting growing institutional demand for regulated access to digital assets. MSBT tracks bitcoin using the CoinDesk Bitcoin Benchmark 4PM NY Settlement Rate, which aggregates trading activity across major spot exchanges.  “ETPs remain a powerful way for investors to gain exposure to new asset classes within a transparent and regulated…

Kevin Warsh, US President Donald Trump’s pick to lead the Federal Reserve to replace Chair Jerome Powell, has reported millions of dollars in assets ahead of his confirmation hearing, including investments in crypto and AI companies.In a filing with the US Office of Government Ethics, Warsh reported Excepted Investment Funds (EIFs) in Compound, Dapper Labs, Kinetic, as well as AI companies Delphi, Conversion, Factory, Glue and others ahead of his confirmation hearing in the Senate. While the prospective Fed chair’s assets amounted to more than $100 million, none of his crypto and AI investments included a value range, Reuters reported…

Soybeans are trading with losses of 6 to 7 cents so far on Monday morning. Soon to expire August soybean futures popped 18 ¼ cents in very thin trading on Friday, while the rest of the bean contracts settled 4 ¾ to 6 cents lower. Soymeal futures were down $5.60 to $9.00 per ton despite the strike in Argentina and potential disruptions to exports of meal and oil. Soy Oil futures settled 20 to 38 points higher.   In addition to the Argentine situation, there is an investigation underway to determine if used cooking oil being imported for renewable biodiesel conversion is really…

The promise of joining the euro is politically powerful but economically conditional: adopting the euro is not a switch one can flip following an election win—it is a multi-year process bound by very-strict convergence criteria. Hungary could credibly set a path toward membership, but presenting it as a near-term deliverable risks overselling what is, in reality, a disciplined and externally monitored transformation. The experience across central and eastern Europe displays that even highly motivated governments cannot shortcut the process without risking market backlash or EU pushback. At the same time, the signal from Tisza does matter. Committing to euro adoption…

Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin (BTC), added a large haul of Bitcoin to its stash last week, edging toward 800,000 BTC in total holdings.Strategy acquired 13,927 Bitcoin for $1 billion between April 6 and 12, according to an 8-K filing with the US Securities and Exchange Commission on Monday.The purchases were made at an average price of $71,902 per coin, marking another purchase below the company’s average acquisition price of $75,577.Strategy now holds 780,897 BTC on its balance sheet, acquired for a total cost of $59.02 billion. The company has 19,103 BTC left to reach…