Weekly comment 2.12-6.12.2024

Monday, December 2

Global markets started the week on a strong note, with U.S. indices posting gains led by the tech sector. The S&P 500 rose by 0.6%, fueled by optimism around holiday sales projections. Bitcoin hovered near $37,000, supported by improving investor sentiment as regulatory discussions in the U.S. showed signs of progress.


Tuesday, December 3

Bitcoin dipped slightly to $36,500 as some traders locked in profits. Ethereum held steady at $1,900, benefiting from sustained demand for Layer 2 scaling solutions. European markets showed resilience, with German equities gaining amid stronger-than-expected industrial output data. U.S. energy stocks weakened due to a decline in crude oil prices.


Wednesday, December 4

Asian markets saw mixed performance, with Japan’s Nikkei index climbing due to strong corporate earnings, while Chinese equities struggled amid weak export data. Bitcoin recovered to $36,800, while altcoins like Solana and Cardano posted moderate gains, driven by growing interest in DeFi projects.


Thursday, December 5

U.S. markets rallied after Federal Reserve comments suggested a more dovish stance on interest rates heading into 2025. Bitcoin pushed back above $37,200, while Ethereum climbed to $1,910. Altcoins such as Polkadot and XRP also saw gains, supported by network upgrades and institutional interest.


Friday, December 6

Global markets closed the week positively, with U.S. retail and tech stocks gaining as consumer confidence data surpassed expectations. Bitcoin ended the week at $37,500, showing resilience after a volatile start. Ethereum remained strong at $1,920, and Asian and European markets followed suit, buoyed by strong economic reports and corporate earnings.