Daily comment 29.11.2024

Cryptocurrencies:
The cryptocurrency market opened the week with mixed sentiment. Bitcoin (BTC) is trading around $36,500, showing minor gains as traders focus on its potential to breach the $37,000 resistance level. Ethereum (ETH) remains stable at $2,000, consolidating after recent volatility. Altcoins like Solana (SOL) and Cardano (ADA) are seeing slight declines, attributed to reduced trading volumes and market uncertainty.

On the regulatory front, developments in the U.S. regarding clearer frameworks for cryptocurrency taxation have added some optimism to the market, although investors remain cautious about global economic challenges【107】【108】.

Stock Indices:

  • U.S. Markets: Wall Street started the day in positive territory, driven by tech stocks and a rebound in consumer confidence. The S&P 500 gained 0.3%, while the NASDAQ Composite rose by 0.4%.
  • European Markets: European indices, including the DAX and FTSE 100, remained steady amid speculation of potential policy adjustments by the European Central Bank later this quarter.
  • Asian Markets: The Nikkei ended the session with a 0.2% increase, supported by Japan’s continued accommodative monetary policy, while China’s indices struggled due to lingering real estate concerns【107】【108】.