{"id":144076,"date":"2024-12-06T11:00:58","date_gmt":"2024-12-06T09:00:58","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144076"},"modified":"2024-12-06T01:40:12","modified_gmt":"2024-12-05T23:40:12","slug":"bitcoins-surge-could-be-a-sign-of-whats-to-come-for-the-sp-500-says-tom-lee","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoins-surge-could-be-a-sign-of-whats-to-come-for-the-sp-500-says-tom-lee\/","title":{"rendered":"Bitcoin\u2019s Surge Could Be a Sign of What\u2019s to Come for the S&#038;P 500, Says Tom Lee"},"content":{"rendered":"<p>According to Lee, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin\u2019s<\/a> <\/strong>upward momentum signals an increased appetite for risk among investors and highlights the substantial amount of capital that had been sitting idle in recent years.<\/p>\n<p>As the year winds down, Lee <strong><a href=\"https:\/\/x.com\/SquawkStreet\/status\/1864707668968866292\" target=\"_blank\" rel=\"nofollow\">pointed out<\/a><\/strong> that investors will face a series of key economic reports in the coming weeks. On the radar are the jobs report from the Bureau of Labor Statistics this Friday and the December 11 release of the Consumer Price Index (CPI).<\/p>\n<p>Lee expressed concerns that the jobs report might show stronger-than-expected results, which could affect market sentiment. Furthermore, he highlighted the importance of the Federal Reserve\u2019s rate decision on December 18, noting that it could play a pivotal role in shaping investor outlook.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/cftc-secures-record-17-1-billion-in-crypto-enforcement-actions-for-2024\/\" title=\"CFTC Secures Record $17.1 Billion in Crypto Enforcement Actions for 2024\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/ss-cftc-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">CFTC Secures Record $17.1 Billion in Crypto Enforcement Actions for 2024<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Looking ahead, Lee sees potential for a \u201cSanta Claus rally\u201d after these data points are out, with markets likely to react positively in the final stretch of the year. In his view, the best case for 2025 would involve fewer interest rate cuts, which he believes would help sustain the ongoing bullish cycle.<\/p>\n<p>As for Bitcoin, although it recently hit the historic $100,000 milestone, it has since slipped below that level. However, Lee remains confident in his long-term prediction, suggesting that Bitcoin could still hit $150,000 by the end of 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tom Lee, head of Fundstrat, recently shared his views on Bitcoin&#8217;s ongoing rally, suggesting it may serve as a precursor to the future performance of traditional markets, particularly the S&#038;P 500.<\/p>\n","protected":false},"author":3,"featured_media":89276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27,22],"tags":[72],"class_list":["post-144076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-others","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin\u2019s Surge Could 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content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-06T09:00:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/09\/Screenshot-2023-09-14-at-13.27.27-1.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1350\" \/>\n\t<meta property=\"og:image:height\" content=\"754\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Alexander Stefanov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/UoyhIpJ0QUV6uYL\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Stefanov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" 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