Weekly market analysis

Announcements
26.04.2024
1 604 9

Another work week is coming to an end. US GDP for Q1 came in at +1.6% QoQ (expected +2.5%). The data hurt the market but soon bought back all the fall.

🔴 The cryptocurrency market fell for the fourth week in a row. The capitalization of digital assets fell by 0.4%. The Fear and Greed Index fell into the “Neutral” zone. BTC and altcoins were in a narrow price range all week. The market is clearly “resting”. After such breaks, sharp price jumps usually occur — it is worth paying special attention to risk management.

🟢 The stock market rebounded noticeably. The S&P 500 rose by 2.29% and the Nasdaq by 3.50%. The indices were helped by the awesome GOOG, and MSFT reports on Friday. More AMZN and AAPL reports are ahead. So the volatile storm on the fund is not over yet.

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