Over 50% of US hedge funds have exposure to Bitcoin

Over half of the top American hedge funds have disclosed exposure to newly launched spot Bitcoin ETFs, as BTC/USD has significantly outperformed major stocks and indexes. 13 out of the top 25 United States hedge funds had owned Bitcoin ETFs by the end of Q1 2024.

The Bitcoin-Dollar pair plummeted 1.4% in the last session. The Stochastic-RSI indicates an overbought market.
BTC/USD plummeted 1.4% in the last session.
The Stochastic-RSI points to an overbought market.
Support: 618891 | Resistance: 644491

Apple, Tesla lifts stocks to higher close in light pre-holiday trading.

Apple Stock Daily Chart
Tesla Stock Daily Chart

U.S. stock index futures edged higher on Monday ahead of manufacturing PMI data, with focus also on U.S. labor market numbers later in the week.

Apple shares gained 2.2% in the last session. The ROC is giving a positive signal.
Apple’s stock gained 2.2% in the last session.
The ROC is currently in the positive zone.
Support: 206.6433 | Resistance: 218.0133

Tesla’s stock rose 4.3% in the last session after gaining as much as 6.0% during the session. The CCI indicates an overbought market.
Shares of Tesla skyrocketed 4.3% in the last session.
The CCI is signalling an overbought market.
Support: 190.9107 | Resistance: 206.7287

Global stocks dipped as investors digest inflation data

Nasdaq Composite daily chart

U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months, drawing the Federal Reserve closer to start cutting interest rates later this year.

Global stock indexes edged lower, reversing early gains, while Treasury yields rose and the U.S. dollar declined as investors absorbed data that showed U.S. monthly inflation was unchanged in May.