Another work week is coming to an end. There was nothing from the economic dates that would have a strong impact on the market. Tensions in the Middle East are slowly receding, but risks of escalation remain.
🟢 The cryptocurrency market is in the green. The capitalization of digital assets increased by 1.7%. BTC was sideways all the time — in the zone of $60,000 – $65,000. The cryptocurrency fear and greed index has consolidated in the “Greed” zone.
The crypto market is slowly cooling down. Ahead of the halving of the first cryptocurrency, many short-term traders have locked in profits. There is still the possibility of a spill to $50,000. Altcoins, in that case, won’t fare well — many of them have already fallen to December 2023 levels.
🔴 The stock market accelerated its decline. The S&P 500 fell 3.02% and the Nasdaq fell 5.14%. Such a sharp drop in funds has not been seen since April 2023. Reporting season is already showing a trend: good report = decline. Investors are locking in profits. A strong labor market and high inflation give no reason for the Fed to ease monetary policy.
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