🔴 For the cryptocurrency market this week was not the most successful. From its peak on June 13, cryptocurrency market capitalization fell by 3.28%. Altcoins remained under the strongest pressure. Remarkably, after all the economic dates this week, the VTC fell only 1%. At this point, investors see more income opportunities in the stock market than in the cryptocurrency market. The cryptocurrency price slowdown could last another week. If key levels, especially altcoins, hold, we could see growth.
🟢 US inflation slowed to 4%. The next day was the Fed rate and press conference. The regulator decided to leave the rate unchanged at 5.25%. Half an hour later, J. Powell made it clear that the current pause does not mean that the regulator is on course for easing going forward. The interest rate decision will come from incoming data.
🟢 Amid the week’s economic dates, the stock market rose significantly. The S&P 500 is up 3% and the Nasdaq is up 4.6%. There is a local overbought stock market. For this reason, we should expect a correction early next week. JPMorgan also warns about it.
âš¡ Today is the Triple Witching Hour. This means the stock market and indices will be very volatile — it’s a good time to make money on stock market assets!
🟡 The next 3 weeks will be a test for the rally in US stocks — the world’s largest managers may sell $150 billion worth of stocks on rebalance.
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