Bitcoin's price fell to its lowest level in two months as selling pressure accelerated and technical analysis highlighted a significant trend line — the 200-week Exponential Moving Average (EMA). According to TradingView data, Bitcoin dropped to $68,771 on the Bitstamp exchange.
Evercore ISI analyst Julian Emanuel set a base target for the S&P 500 at 7,750 by the end of 2026. In addition, he outlined an optimistic scenario in which the index could reach 9,000 thanks to the growth of technology stocks, communications services companies, and consumer goods companies driven by the development of artificial intelligence.
Bitcoin hit a 12-week high on Monday but failed to hold the peak. In the morning in Europe, it reached $79,488 — its highest level since January 31 — before pulling back to $77,000.
U.S. stocks posted moderate gains on Monday as investors monitored ceasefire negotiations in the Middle East and awaited the deadline set by Donald Trump for Iran to reopen the Strait of Hormuz.
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