🟡 Another working week for the financial markets is coming to an end. Of the “important” economic dates, there were certainly data on consumer inflation in the United States. The rate accelerated to 3.4%.
🟡 The crypto market has finally waited for the approval of spot BTC-ETFs. The SEC approved all 11 applications at once. The trading volume of these ETFs reached $4.5 billion on the first day. However, the market reacted sluggishly, and the principle of “buy on rumors, sell on news” is still in effect.
🟢 Despite the start of the correction in the last days of the week, the crypto market capitalization increased by 7.3% to $1.76 trillion.
🟢 The stock market rose significantly, covering last week’s decline. The S&P 500 rose by 1.7% and the Nasdaq by 3.5%. The market is actively preparing for the earnings season, which officially started today. It is also worth noting that MSFT briefly overtook AAPL in terms of capitalization.
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