Weekly market news analysis

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🟢 The main economic date this week was the publication of US inflation data. The indicator amounted to 3.2% in annualized terms, which is lower than analysts’ forecasts (3.3%). 

🔴 The stock market reacted with growth after the publication of the data, but then fell significantly. Overall, the week was negative for stocks. The S&P 500 fell 1.5% and the Nasdaq fell more than 2.5%. The exodus of investors to cash is accelerating. More and more market participants are trying to get out of overheated stocks, with the technology sector stocks being particularly hard hit. 

🟢 By contrast, the cryptocurrency market is up. Cryptocurrency capitalization was fixed at around $1.7 trillion, adding 1.8% over the week. VTS managed to hold $29,000, ETH $1800. 

🟡 That said, volatility continues to fall. ETH volatility, following VTS volatility, has fallen to historic lows. There is a high probability of sharp movements in cryptocurrencies in the near future.

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