The stock market and cryptocurrency market again end the working week in a diametrically opposite position. However, there is clearly more positivity in cryptocurrencies now.
🟢 The main “hype” on the cryptocurrency market was brought by the message from Cointelegraph about the acceptance of the spot bitcoin-ETF on the application from BlackRock. Bitcoin momentarily tested $30,000. But almost immediately it became clear that the news was a fake. Despite this, bitcoin didn’t lose all of its growth and closed the work week up more than 9%. If we take into account the volatility, we should expect sharp movements in the near future. The longer this “spring” is stretched, the wider the price movement will be. And many altcoins still remain in the oversold zone.
🔴 The stock market closed in the negative. Over the past week, the S&P 500 fell about 3% and the Nasdaq fell about 3.5%. The complicated geopolitical situation, rising bond yields, and Tesla’s failed report put a lot of pressure on stock indexes. Investors are cautiously awaiting the reports of blue chips.
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