The last working week of the 1st quarter of 2024 is coming to an end. The US GDP amounted to 3.4%, while the forecast was 3.2%. The markets reacted very sluggishly to this news.
📈 The cryptocurrency market grew by 5.3%. Despite a fair amount of FUD throughout the week, BTC stubbornly refuses to fall below $70,000. Sales are helping to dampen net inflows into spot BTC-ETFs. Altcoins are also stuck in a small sideways trend. Based on 60-day volatility, digital assets are preparing for sharp movements.
📉 The stock market showed mixed results. The S&P 500 rose by 0.2%, while the Nasdaq fell by 0.6%. This result is due to the rebalancing of investment portfolios. The US stock market is now the most “concentrated” in the last 30 years — there is a high risk of correction.
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