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Amnasindhu

07/06 10:09

FOMC minutes, SpaceX joins Nasdaq 100: Crypto Week

#TradFi Trading Strategies Sharing Challenge #2026 World Cup Posting Challenge on HTX Square #BTC Prophet: 20-Day 380 Million HTX Challenge FOMC minutes, SpaceX joins Nasdaq 100: Crypto Week Ahead 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 $BTC$62,870.65. 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), Strategy (MSTR) and Mercado Libre (MELI). The space exploration firm, which holds 18,712 $BTC, is expected to have more weight in the index than the latter two. Beyond that, geopolitical developments and the further collapse of the yen against the dollar are factors to keep an eye on. Bitcoin’s negative correlation to the yen’s exchange rate against the dollar has been unusually high, with $BTC tending to rise when the yen weakens.
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