Bitcoin (BTC) consolidated near two-week highs into Sunday’s weekly close as traders geared up for fresh market turbulence.

Key points:

• Bitcoin approaches its highest levels in two weeks, but Mondays have been “terrible” for BTC price action, a trader warns.
• BTC/USD is in the process of deciding the fate of its 200-week moving average.
• Crypto market analysis sees “greener shoots” on the back of the latest US macro data.

Trader: Past seven Mondays “absolutely terrible” for BTC price

Data from TradingView showed BTC/USD focusing on $62,700, the site of a key long-term trend line, the 200-week simple moving average (SMA).

BTC/USD four-hour chart with 200-week SMA. Source: Cointelegraph/TradingView

Bulls managed a trip to $63,450 on Saturday amid thinner exchange order books and a three-day US holiday weekend.

“Seeing stronger passive supply here pressing price from above,” commentator Exitpump wrote in their latest analysis on X.

BTC order-book data. Source: Exitpump/X

Trader Daan Crypto Trades flagged short position liquidations as the price gained, with data from CoinGlass putting the 24-hour crypto total at $167 million.

“Classic short squeeze, price grinds higher into a level everyone’s shorting until forced covering does the rest,” he commented on X. 

“Now the question is whether $62.6K (Weekly 200MA) holds as support or if this was just liquidity getting cleared before rolling over again.”

BTC/USD vs. crypto liquidation history (screenshot). Source: CoinGlass

Fellow trader Killa had a word of warning, reiterating that the past seven Mondays had seen major price weakness.

“7/7 Mondays have been absolutely terrible for $BTC,” they told X followers. 

“Will we repeat the exact same pattern next week?”

In a new analysis published on Friday, trading company QCP Capital eyed potential tailwinds forming for crypto and risk assets.

Related: Bollinger Bands creator eyes Bitcoin bear-market end, ‘W’-shaped reversal

These included renewed net inflows to the US spot Bitcoin exchange-traded funds (ETFs).

As Cointelegraph reported, last week’s US nonfarm payrolls report came in below anticipated levels, sparking a softening in hawkish expectations of interest rate hikes by the Federal Reserve.

“The clearest dovish tell was a 2% pop in gold, though that reads more as a real-rate and safe-haven hedge than growth conviction,” it acknowledged. 

“Crypto, though, is showing greener shoots: BTC spot ETFs snapped a six-session outflow streak to pull in $224mn on Thursday, their first positive print in over a week and an early sign that dip buyers are stepping back in after roughly $2.4bn of redemptions.”

Fed target rate probabilities for July 29 FOMC meeting (screenshot). Source: CME Group

The latest data from CME Group’s FedWatch Tool saw a near-80% chance of the Fed holding rates at current levels at its July 29 meeting.

QCP added that before then, conducive Consumer Price Index (CPI) inflation data would be needed for “broader confirmation of a front-end dovish repricing.”

Senator Cynthia Lummis has renewed her call for lawmakers to advance the CLARITY Act, a bill aimed at setting clearer rules for digital asset markets in the United States. A post shared by CryptoGoos cited Lummis as saying the bill would “lay the foundation for the financial services of the 21st century.”

Lummis also said, “The Clarity Act is this generation’s contribution to that legacy. Let’s finish the job.” Her comments came as lawmakers faced a narrow window to move the bill forward before the August recess.

Jakarta, 29^th June 2026 — As intelligent systems rapidly transition from corporate experimentation into core operational infrastructure, a critical question faces the nation’s business elite: who will control the infrastructure behind Indonesia’s projected $10.9 billion AI expansion? The window for enterprises to secure market dominance before national digital policies lock into place is closing fast.

To address this massive technological shift, global deal facilitator firm Trescon has announced it will host the 47th global edition of the World AI Show in Jakarta (proudly co-located with Finance 2045) on 7–8 July 2026. Running under the central theme of “Architecting Indonesia’s Sovereign & Scalable AI Future,” this high-stakes summit serves as a premier collaborative platform to move automation from isolated pilots into large-scale commercial production.

Unprecedented Institutional and Industry Support

The upcoming summit has secured exceptional institutional endorsement, bridging the gap between state regulatory frameworks and private sector execution. The event is officially supported by Strategic Government Partners, including the Ministry of Industry | Startup For Industry (SFI) and the Ministry of Creative Economy, alongside key industry bodies AISII and KORIKA.

Voices Shaping the Future To deliver precise deployment blueprints, a stellar roster of the nation’s top tech authorities will take the stage. The top 13 visionary speakers leading the strategic discourse include:

1. H.E. Prof. Dr. Pratikno – Coordinating Minister of Human Development and Culture, Republic of Indonesia
2. Vivi Yulaswati – Deputy for Economic Affairs and Digital Transformation, BAPPENAS
3. Muhammad Neil El Himam – Deputy for Digital and Technology Creativity, Ministry of Creative Economy (EKRAF)
4. Prof. Hammam Riza – President, KORIKA – Collaborative Research and Industrial Innovation in AI
5. Wempi Saputra – Executive Director, The World Bank
6. Arie Purwanto – Deputy Director of Data Science and Governance, Badan Pemeriksa Keuangan (BPK)
7. Sujala Pant – Resident Representative, UNDP Indonesia
8. Eryk Pratama – Vice Chairman of Standing Committee for AI and PDP, Indonesian Chamber of Commerce and Industry (KADIN)
9. Budi Setiawan -Acting Director, Small & Medium Metal, Machinery, Electronics & Transport Industries, Ministry of Industry of the Republic of Indonesia
10. Mark Jefferson GO –Chief Strategy, Research and Development Officer,PT Erajaya Swasembada,TBK
11. Ajar Edi – Senior Vice President, Regulatory & Government Affairs, PT Indosat TBK
12. Charles Budiman– Chief Digital Banking Officer, P.T Bank Maybank Indonesia
13. Andri Qiantori – Chief Technology Officer, LinkAja

AI is rapidly becoming a strategic enabler for Indonesia’s economic growth, public service transformation, and digital sovereignty. With strong momentum across sectors, AI has the potential to significantly boost productivity, inclusion, and innovation. However, this acceleration must be balanced with robust governance, particularly in areas of data protection, cybersecurity, and ethical AI deployment. Indonesia’s regulatory landscape, including the Personal Data Protection Law, provides an important foundation, but operationalizing responsible AI at scale remains a key challenge. Moving forward, success will depend on aligning investment, talent development, and governance frameworks to ensure AI is deployed securely, ethically, and in a way that builds long-term public trust.– Eryk Pratama Vice Chairman of Standing Committee for AI and PDP Indonesian Chamber of Commerce and Industry (KADIN)

AI is rapidly transforming Indonesia’s digital economy by enabling businesses to scale faster, make smarter decisions, and deliver more personalized customer experiences. From improving logistics and travel platforms to advancing financial inclusion and public services, AI is becoming a key driver of productivity and innovation. As adoption grows, the focus must shift toward responsible AI, ensuring data governance, talent development, and ethical use, so Indonesia can fully realize its potential as a leading AI-powered economy in Southeast Asia. – Dr. Irvan Bastian Arief VP of Technology GRAND, Data and AI tiket.com

Rather than focusing on theoretical future concepts, the journalistic agenda targets immediate, real-world integration bottlenecks, computing infrastructure readiness, and inference cost optimization. The strategic dialogue will flow across four critical thematic pillars: AI Infrastructure & Data Foundations, Generative AI & Automation, Responsible & Trusted AI Ecosystems, and Intelligent Industries & Smart Infrastructure.

This strategic alignment is further strengthened by a coalition of global technology leaders and enterprise innovators who are actively funding the next phase of digital growth.

Strategic Government Partners: EKRAF (Ministry of Creative Economy); Kementerian Perindustrian Republik Indonesia (Ministry of Industry)

Supporting Partners: KORIKA | AISII

Lead Sponsor: DATADOG

Platinum Sponsor: Magure

Gold Sponsors: Zoom; UCloud Global; PT ASIX INDONESIA CERDAS; Redis; Akamai

Silver Sponsors: Alibaba Cloud | Indonet; Datalabs | Google Cloud

Bronze Sponsors: PingCap TiDB; Primary Guard

CXO Boardroom Partners: DATADOG;Zoom; Redis; Aerospike.

Exhibitors: Sharp Peak Consulting; PT Helios Informatika;FanRuan Software; Xtremax; Ingram Micro; Mekari; IPInfraIOT ;Jatis Mobile ;InfraLoka.

Association Partners: KADIN JAKARTA; APDI; Starfindo; Britcham Indonesia; ISACA Indonesia; KUMPUL; Telkom University; ADIGSI; Indonesia AI Society; Block 71 Indonesia

These partnerships ensure that attending corporate buyers and international technology providers can seamlessly integrate their sales pipelines with the country’s broader industrial roadmap.

Secure Your Market Position With exhibition floor space strictly curated and a high volume of enterprise buyers locked in for pre-qualified B2B matchmaking sessions, remaining opportunities are being finalized rapidly. For organizations looking to anchor their presence in Southeast Asia’s largest digital economy, the final window to secure commercial positioning is open now.

• Want to attend? Network with the region’s top tech leaders and benchmark your operations.
• Want to showcase your brand? Secure your floor space and access exclusive B2B matchmaking with active enterprise buyers.

CLAIM YOUR FREE DELEGATE PASS: click here
ENQUIRE FOR SPONSORSHIP ACCESS : click here

Media Contact:
Reeha Haris
PR & Media Executive
E: reeha@tresconglobal.com

About World AI Show

World AI Show is a global conference series by Trescon that brings together enterprise leaders, policymakers, and technology providers to drive real-world AI adoption. With 45+ editions across key markets like Indonesia, Malaysia, Singapore, and KSA, the platform focuses on enterprise use cases, infrastructure, governance, and measurable business outcomes, connecting decision-makers with the partners and solutions needed to scale AI.

Key Takeaways

• Shares of AXP are currently changing hands around $351.96, posting a 1.42% daily gain with a market capitalization approaching $240 billion
• First-quarter 2026 earnings per share reached $4.28, surpassing analyst expectations of $4.01; revenues climbed 11.4% from the prior year to $14.21 billion
• The company maintained its full-year 2026 EPS outlook of $17.30 to $17.90; Wall Street projects $17.65 on average
• Younger demographics, particularly Millennials and Gen Z, represent the company’s most rapidly expanding customer base
• Analyst consensus stands at Moderate Buy with a mean price objective of $366.95; Goldman Sachs has set a $400 target

American Express (AXP) stock is currently priced near $351.96, drawing renewed attention following a series of positive analyst revisions and increased institutional accumulation. Trading approximately 9% beneath its 52-week peak of $387.49, the stock remains comfortably above its yearly low of $288.34.

American Express Company, AXP

K.J. Harrison & Partners established a fresh stake worth $1.21 million during the first quarter, acquiring 4,003 shares. Multiple other institutional players also expanded their positions throughout the period. Institutional ownership of AXP stock now represents 84.33% of shares outstanding.

The first-quarter financial performance exceeded expectations. The credit card giant delivered earnings per share of $4.28, topping the Street consensus of $4.01 by $0.27. Total revenues reached $14.21 billion, representing an 11.4% year-over-year increase. The company achieved a net profit margin of 15.13% and posted a return on equity of 33.95%.

Executives reaffirmed their full-year 2026 earnings guidance range of $17.30 to $17.90 per share. The analyst community currently projects $17.65 for the complete fiscal year.

Analyst sentiment has strengthened noticeably. Goldman Sachs elevated its price target from $360 to $400 while maintaining a Buy recommendation. Truist increased its objective from $360 to $375, also with a Buy stance. Piper Sandler launched coverage with an Overweight rating and a $396 price target. The collective average price target among all covering analysts stands at $366.95, implying approximately 4% upside from current levels.

The overall analyst rating is Moderate Buy, comprising two Strong Buy ratings, nine Buy recommendations, eleven Hold positions, and one Sell rating among the 23 analysts providing coverage.

Younger Demographics Fueling Expansion

A particularly compelling narrative involves shifting customer demographics. Millennials and Gen Z members have emerged as the fastest-growing segment within Amex’s cardholder base. This demographic shift aligns perfectly with spending patterns focused on experiential purchases — travel, dining, entertainment — categories where the company’s premium card offerings deliver maximum rewards and benefits.

Capturing younger cardholders with premium products early in their financial journey tends to create lasting relationships. As significant wealth transfers occur from older generations over the next several decades, this early-established brand affinity could generate substantial long-term value for the company.

Equity analysts project earnings expansion of 13% to 14% per year over the next three to five years. Even applying a more conservative 10% growth assumption to account for potential economic headwinds, combined with the current 1.1% dividend yield, investors could reasonably expect total annual returns around 11%. Using the rule of 72, this pace would double an investment approximately every six to seven years.

Valuation Metrics and Shareholder Returns

AXP currently trades at less than 20 times projected 2026 earnings. This valuation appears reasonable given the company’s growth trajectory. The price-to-earnings-growth ratio sits at 1.45, while the beta coefficient of 1.04 indicates volatility roughly matching the broader market.

The company recently announced its quarterly dividend of $0.95 per share, scheduled for payment on August 10 to shareholders of record as of July 2. This equates to an annualized payout of $3.80, generating a yield of approximately 1.1%.

The stock is trading above both its 50-day moving average of $322.50 and its 200-day moving average of $333.27.

The upcoming earnings release will provide critical insight into whether the first-quarter outperformance represents an isolated event or the beginning of sustained momentum.

Key Highlights

• SpaceX makes its Nasdaq 100 index debut on Tuesday, July 8, following significant price swings since its June public offering
• Financial institutions can now issue initial coverage on SpaceX as the post-IPO analyst restriction period concludes
• PepsiCo and Delta Air Lines unveil second-quarter financial results, spotlighting consumer behavior and operational expenses
• Federal Reserve publishes its June policy meeting transcript on Wednesday, potentially revealing rate adjustment plans
• Tech and media industry leaders converge at the Allen & Company Sun Valley Conference throughout the week

PepsiCo reduced pricing during the winter months after elevated inflation caused shoppers to seek alternatives to premium-priced products. Delta described travel appetite as “really great” in March while implementing fare increases to offset rising operational expenses. These quarterly reports will provide investors with valuable insight into current consumer spending patterns.

Fed Meeting Transcript Release Takes Center Stage

The Federal Reserve publishes its June policy meeting minutes on Wednesday at 2 p.m. ET. During that session, fifty percent of voting members indicated they anticipated at least one rate increase before the calendar year concludes. New Federal Reserve Chair Kevin Warsh has demonstrated a more restrictive monetary policy stance, prompting market participants to scrutinize the document for additional clarity on future policy direction.

The weekly unemployment claims figures and the New York Federal Reserve’s consumer inflation expectations report are also scheduled for release. The previous week’s employment statistics registered below analyst projections, which temporarily reduced speculation about imminent rate increases.

Levi Strauss announces its fiscal second-quarter financial performance on Wednesday. The apparel company exceeded analyst estimates in the previous quarter and upgraded its full-year guidance. Management attributed the positive results to enhanced direct-to-consumer channel performance and expanded product offerings beyond traditional denim.

Costco will publish its highly anticipated monthly sales data during the week.

SpaceX Joins Elite Nasdaq 100 Index

SpaceX becomes a Nasdaq 100 constituent prior to Tuesday’s market opening. The benchmark index comprises the 100 largest non-financial corporations listed on the Nasdaq stock exchange and serves as a performance reference for numerous institutional investment portfolios. Index membership is anticipated to generate increased buying pressure as passive index funds establish positions.

SpaceX equity has experienced substantial price fluctuations since the company’s June 12 market debut. The shares commenced trading at a reduced valuation, briefly surged above $225 — temporarily positioning SpaceX’s market capitalization ahead of Amazon — before retreating to a low of $147. The stock concluded last week’s trading session at $162. Market observers anticipate continued price volatility in the near term.

This week simultaneously marks the conclusion of the mandatory analyst quiet period that followed SpaceX’s initial public offering. Investment research firms are now authorized to distribute their inaugural analysis and recommendations on the company. These professional assessments could significantly influence share price movement.

The Allen & Company Sun Valley Conference commences this week. Senior executives from Apple, Amazon, Meta, Google, Netflix, Disney, and Warner Bros. Discovery are scheduled to participate. Concurrently, the Raise Summit AI conference convenes in Paris, showcasing thought leaders from Google, Broadcom, Anthropic, and OpenAI.

The three primary U.S. equity indexes concluded the second quarter with percentage gains in the double digits. The previous week featured abbreviated trading due to the Independence Day holiday, and all three major benchmarks registered positive returns.

As such, Allium can tie only about 6% of Polymarket’s political-market wallets to a country – so the firm says the figures should be read as directional rather than exact.

Polymarket did not immediately respond to request for comments ahead of U.S. market hours.

Meanwhile, a further interesting bit is what Americans bet on. Geopolitics made up 46% of U.S. notional against 36% for the platform as a whole, while elections drew 16% from U.S. wallets against 32% platform-wide, meaning the American crowd trades foreign wars at nearly three times the rate it trades the elections everyone else favors.

Of U.S. cohort’s twelve biggest markets, five were bets on the Iran war. Its single largest, at $20.8 million, was a novelty market on whether Ukrainian President Volodymyr Zelenskyy would wear a suit.

Those are largely the markets regulated U.S. venues do not carry. Kalshi and Polymarket’s compliant U.S. arm stick mostly to economic data, rate decisions and elections, so the demand flows to the offshore version that lists regime change and ceasefires.

The pattern regulators might fear is the one the data does not show.

On markets that have resolved, U.S. wallets backed the winner 81.9% of the time against 80.3% for everyone else, effectively no edge, and returns if held were nearly identical.

Key Takeaways

• On June 12, 2026, SpaceX launched its IPO at $135 per share, starting trading at $150 and finishing the inaugural session at $160.95 — establishing a valuation exceeding $2 trillion
• The company achieved $18.67 billion in revenue during 2025, marking a 33% annual increase, with Starlink contributing approximately 60% of total sales
• Financial results showed a $4.94 billion net loss for 2025, a dramatic shift from the $791 million profit recorded the previous year
• CEO Elon Musk projects SpaceX could generate $1 trillion in yearly revenue by decade’s end
• By early July, short-sellers had established positions against SPCX, even while nursing substantial losses from the initial price surge

When SpaceX (SPCX) made its debut on the Nasdaq exchange June 12, 2026, the company set its initial offering price at $135 per share. Trading commenced at $150 before settling at $160.95 by market close, catapulting the firm’s market capitalization beyond the $2 trillion threshold in what Reuters characterized as the most significant public offering in history.

Space Exploration Technologies Corp., SPCX

This represents substantial market optimism embedded in the opening price.

Financial reports showed SpaceX brought in $18.67 billion during 2025, reflecting a 33% jump compared to the previous twelve months. Its Starlink satellite internet service represented approximately 60% of these revenues. The constellation currently provides connectivity to about 10.3 million subscribers via roughly 9,600 operational satellites.

This transformation is significant. The company has evolved beyond its identity as solely a space transportation provider — Starlink is rapidly emerging as its primary commercial revenue driver. The predictable income stream from internet subscriptions fundamentally alters the company’s financial structure compared to relying exclusively on launch services.

The rocket business remains crucial. SpaceX’s reusable launch technology serves both private sector clients and government agencies, while simultaneously deploying its own Starlink satellite network. This internal ecosystem reduces operational expenses and maintains schedule control — delivering substantial competitive advantages.

Financial Performance Reveals Complexity

Notwithstanding impressive top-line expansion, SpaceX recorded a $4.94 billion net loss throughout 2025. This marks a substantial departure from the $791 million in profits generated during 2024.

The organization is evidently allocating significant capital toward expanding Starlink and related infrastructure. Long-term shareholders must evaluate whether these investments will ultimately translate into sustainable profitability — and the timeline for achieving it.

Elon Musk has publicly stated SpaceX could reach $1 trillion in annual revenues by 2030. While this represents an ambitious projection, it demonstrates the scale of expansion the company envisions.

Market Sentiment Shows Sharp Division

Stock performance following the IPO has demonstrated significant volatility. Reuters coverage from June 23 highlighted dramatic price fluctuations in SPCX, reflecting intense debate between bullish and bearish investors.

Short-sellers had already established positions against the stock by July 2, despite experiencing paper losses from the post-IPO price appreciation. Early short interest in newly public companies isn’t uncommon — though it indicates skepticism about whether current valuations can be sustained.

With a market cap above $2 trillion, SpaceX is being valued as though its most ambitious objectives are virtually guaranteed.

The optimistic perspective is clear: industry-leading launch capabilities, an expanding internet service business, and exceptional vertical integration. For those investing with extended time horizons, these represent genuine and sustainable competitive strengths.

As of July 2, 2026, short-sellers maintained their bearish positions on SPCX, while post-IPO price volatility keeps the stock under intense Wall Street scrutiny.

Key Takeaways

• SpaceX becomes part of the Nasdaq-100 index, prompting purchases from passive investment vehicles
• Delta Air Lines begins the Q2 reporting cycle with insights into travel demand and consumer behavior
• PepsiCo’s quarterly report will reveal whether pricing power remains intact for consumer packaged goods
• Nvidia continues attracting investor scrutiny amid evolving sentiment around artificial intelligence capital expenditures
• Taiwan Semiconductor draws attention before its upcoming report due to its critical position in the chip supply chain

The second-quarter reporting period has commenced, and market participants are closely monitoring five companies that stand out this week. Here’s what’s driving investor interest.

SpaceX Makes Its Nasdaq-100 Entry

SpaceX becomes an official component of the Nasdaq-100 Index during the current week. This addition will prompt mandatory purchases from passive funds and exchange-traded products tracking the benchmark, potentially enhancing trading volume and expanding ownership.

Space Exploration Technologies Corp., SPCX

Market observers continue monitoring Starlink’s global rollout, government launch agreements, and ongoing Starship development initiatives. Share price fluctuations have characterized the stock since going public, with volatility expected to persist.

Analysts anticipate SpaceX will maintain its position among closely followed growth equities throughout 2026.

Delta Air Lines Launches Reporting Season

Delta Air Lines takes center stage as earnings season begins in earnest this week. Airline financial reports provide early indicators of spending patterns across consumer and corporate segments.

Delta Air Lines, Inc., DAL

Key metrics under examination include fare pricing dynamics, reservation volumes, and cross-border travel activity. Declining fuel costs have reduced a major expense category, potentially improving operating margins.

Positive forward guidance from Delta could generate optimism throughout the broader hospitality and tourism industries.

PepsiCo Provides Consumer Spending Snapshot

PepsiCo delivers quarterly results this week, offering critical visibility into worldwide consumer purchasing patterns. Analysts are questioning whether customers continue accepting elevated price points or beginning to resist.

The company’s diversified portfolio spanning beverages and packaged snacks positions it as a comprehensive barometer of consumer behavior. Management commentary regarding raw material expenses and profitability could influence forecasts for comparable companies reporting subsequently.

Nvidia Maintains Relevance Without Reporting

Nvidia isn’t scheduled to announce results this week, yet it continues exerting significant influence across equity markets. Investment activity surrounding artificial intelligence infrastructure keeps the stock at the forefront, with Nvidia dominating the GPU and AI accelerator landscape.

Following recent semiconductor sector volatility, market watchers are assessing whether institutional capital flows back toward AI frontrunners or continues diversifying. Developments concerning hyperscaler capital expenditure or processor demand could trigger rapid price movements.

Taiwan Semiconductor Draws Attention Before Earnings

Taiwan Semiconductor releases financial results in the coming week, but strategic positioning is already underway. As the foundry partner for Nvidia, Apple, AMD, and Qualcomm, the company serves as a premier indicator of worldwide semiconductor appetite.

Robust projections from TSMC would validate continued strength in AI-related infrastructure spending. Conversely, cautious commentary could pressure valuations across chip manufacturers broadly.