🟡 The markets of high-risk assets once again showed opposite results for the past week. On the background of the “calm” economic period, the stock market focused entirely on the report of Nvidia.Â
Cryptocurrencies ended the working week flat. The crypto market capitalization fell 0.5% to $1.96 trillion. Lately, one can notice a sideways movement in the market. Judging by the 30-day volatility, which fell by more than 20%, digital assets have entered the zone of “respite” before the next explosive and sharp movement to one side.
🟢 It is worth noting that Ethereum, broke the $3,000 mark for the first time since April 2022. However, the other top altcoins have so far failed to “catch up” with the leaders of the cryptocurrency rating.Â
The stock market had its best week this year, rewriting historic highs. The S&P 500 rose about 2% and Nasdaq, 1.7%. Notably, indices had a decrease until mid-week. Still, NVDA’s phenomenal report brought optimism back to the markets — NVDA added $277 billion in capitalization in just one day — a record in US stock market history.
