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Crypto

SpaceX shares surge again as Musk cites $1 trillion revenue goal by 2030

SpaceX shares extended gains for a second day after its listing, pushing the company’s market value above $2.5 trillion. The rally followed comments by CEO Elon Musk that SpaceX could reach $1 trillion in annual revenue by 2030, drawing money from retail investors and cryptocurrency traders. Trading also surged in related crypto derivatives and tokenised stock products. Analysts cited a wide gap between current results and the target and differing views on valuation and capital spending.

Crypto

Experts outline bitcoin scenarios: more decline vs surge to $127,500

Bitcoin is more likely to face further correction and a prolonged range than a sharp short-term rebound, a forecast said. Legendary trader Peter Brandt (피터 브란트) said bitcoin could remain in a downward channel, dismissing a bullish flag interpretation. He cited moving-average pressure and an ADX reading of 28.27 as evidence sellers remain in control. Brandt kept a long-term upside target near $127,500, but said it requires a confirmed breakout above the channel.

Crypto

Middle East ceasefire, institutional buying, Coinbase CEO optimism lift bitcoin

Bitcoin rebounded after slipping to the low $60,000s, recovering the $66,000 level as easing Middle East geopolitical risks and steady buying by institutional investors improved market sentiment. Bitcoin Magazine reported it climbed to $65,844, a roughly two-week high, and traded around $66,500. Strategy and Strive added to holdings. Coinbase CEO Brian Armstrong said he felt current levels could be a bottom, while noting uncertainty.