Another working week is coming to an end. There is no point in describing the results of the inflation report — it is higher than expected. The risks of this were described in the previous reviews.
➡️ The cryptocurrency market is in flat. The capitalization of digital assets fell by 0.3%. Good on-chain data appeared — whales are not selling VTS, which keeps the whole market from a strong fall. The hype around halving will increase, so it is safe to say that volatility will only grow ⚡️ There is also an accumulation of stablecoins USDT, USDC, DAI, and others. Traders are preparing to buy and waiting for good prices.
Altcoins are noticeably weaker, with any 1-2% spill of BTC — alts fly by 3-5%. Altcoin season is expected in summer — early fall.
🔴 Stock market ends the week in the red zone. The S&P 500 is down 1.4% and the Nasdaq is down 0.5%. Tensions in the Middle East are spooking the stock market. The reporting season has officially started, which will also add volatility to the fund. It’s too early to tell what the trends will be at the time the reports are released. But we should remember that this season is a great time for investors to take profits.
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