The market for high-risk assets rose markedly after the publication of inflation data in the US — 3.4% (3.5% was expected).
🟢 The cryptocurrency market has grown significantly. The capitalization of digital assets increased by 6.63%. The necessary impetus was provided by inflation data. It is worth noting that liquidity inflows have returned to the market after a 5-week outflow. Inflows to spot BTC-ETFs also increased significantly after the publication of 13F reports from large funds.
BTC has consolidated above $66,000, and altcoins have also risen, but they are still far from the levels of mid-March 2024. Since the key indicators have “unloaded”, analysts expect a full-fledged altcoin season this summer. This will require consolidation of the BTC, a decline in the dominance of the BTC, and an increase in volumes.
🟢 The US stock market has rewritten historical highs. The S&P 500 rose by 1.49% and the Nasdaq by 2.23%. The reporting season is gradually subsiding, and according to the results of Q1, 78% of S&P 500 companies reported better than expected, which is higher than the 5-year (77%) and 10-year (74%) averages. Analysts are already raising their earnings forecasts for the next quarter. After 4 weeks of growth, the stock market is likely to slow down shortly.
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