Another working week is coming to an end. Markets are up noticeably — no tomatoes on traders’ PnL!!! 🥊🍅 Although Unemployment and Nonfarm Payrolls at some point shook the markets of high-risk assets.
🟢 Digital asset capitalization is up 4.34%. BTC is about to break through $72,000. At the moment, large sell orders are keeping us above this point for now. When this level is broken, we are in for a noticeable acceleration as a lot of liquidity is gathered above $72,000. Whales have returned to buying and BTC-ETFs are showing an acceleration in inflows — a significant signal for further growth.
Altcoins are up an average of 3.36% — so far noticeably lower than BTC. Still waiting for the “revival” of altcoins next month. The start of ETH-ETF trading will potentially help with that.
🟢 The stock market also pleased the bulls. The S&P 500 was up 1.17%, while the Nasdaq was up 2.48%. Both indices once again updated their all-time highs. The event of the week for funds was the displacement of Apple from second place by capitalization. It has been replaced by Nvidia — already the media have parallels with Cisco in the early 2000s. This is not a good call for Nvidia. Overall, capital poured into Growth stocks this week.
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