Market analytics for the week

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The penultimate working week of December is coming to an end. From important economic dates, there was only the publication of US GDP for Q3: +4.9% (expected +5.2% / previously — 2.1%).

🟢 The cryptocurrency market felt a new wave of optimism amid another speculation about spot BTC-ETFs. Many analysts expect their approval in early January 2024. The crypto market capitalization grew by 4.4%. The significant growth of NEAR, SOL, ALGO, and DOT is worth noting. These altcoins are among the locomotives of growth.

🟢 The stock market continued to grow. Indices have been going up for 8 weeks in a row. Against this backdrop, trading volume inputs on the S&P 500 are proliferating — market participants are trying to protect themselves from downside risk. The S&P 500 rose by 0.8% and the Nasdaq by 1.1%.

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