Weekly market analysis

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29.12.2023
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The last business week of 2023 is coming to an end. Markets didn’t get excited about economic dates or speeches by important officials. Volumes are slowly falling and the doldrums are observed.

🟡 The sideways trend continued in cryptocurrencies. The crypto market capitalization grew by 0.5%, to the $1.68 trillion mark. BTC was around $43,000 the whole time, and SOL did fall into a correction but held the $100 level. The other top alts also stayed +/- in the same place. Traders are already resting — they have no time for trading.

🟢 The stock market is in the green zone for the 9th week. We will see a correction of this movement already in 2024. The S&P 500 is up 0.7% and the Nasdaq is up 0.8%. Stocks are gearing up for another reporting season.

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