Another trading week is coming to an end. There were no economic dates that would somehow significantly affect the global markets.
🔴 The cryptocurrency market is still in the red zone at the end of the week. The capitalization of digital assets fell by 2.12%. BTC is treading in a narrow price range of $60,000 – $64,000. Stagnation in inflows into spot BTC-ETFs is one factor in this price. Many investors don’t want to buy because it’s too expensive, and holders don’t sell because it’s early and cheap. From this, we see such stagnation.
The situation in altcoins is also ambiguous. Trading volumes have noticeably dropped.
We would like to single out TON, the coin grew by more than 13%. The large user base of Telegram, support of P. Durov, fast transfers, small commissions, and many other things provide significant growth for the coin.
🟢 The stock market, on the other hand, ended the week in the green zone. S&P 500 grew by 1.8%. Next week will be interesting as the index is near its all-time high. Whether it rewrites it or draws a double top will be seen next trading week (it will be interesting). The Nasdaq is up 1.16%, and capital was noticeably poured into “value” stocks, causing the NAS to rise noticeably less. In general, the old rule worked for the funds: no news — good news.
