Weekly comment 9-13-2024

Monday, December 9

  • Global Indices: Markets started the week with moderate optimism. The S&P 500 saw slight gains, driven by tech sector growth. The NASDAQ rose on AI-related stock momentum. In Europe, the DAX and CAC 40 declined due to recession fears​

     

  • Cryptocurrencies: Bitcoin (BTC) traded around $65,800, while Ethereum (ETH) held near $3,500 as investors watched for ETF approval news​

     


Tuesday, December 10

  • Global Indices: U.S. markets remained stable. The Dow Jones climbed on positive labor data. European financial stocks rose in anticipation of ECB decisions. The FTSE 100 stayed flat, supported by healthcare​

     

  • Cryptocurrencies: Bitcoin dipped to $65,000 on profit-taking. Solana (SOL) and Cardano (ADA) saw gains due to DeFi interest​

     


Wednesday, December 11

  • Global Indices: Asian markets were stable. Japan’s Nikkei rose on strong earnings, while European indices fluctuated amid inflation worries. The NASDAQ continued its upward trend​

     

  • Cryptocurrencies: Bitcoin stabilized around $66,200. Ethereum climbed to $3,550 on upgrade news​

     


Thursday, December 12

  • Global Indices: U.S. markets rose after the Fed signaled steady rates. S&P 500 and NASDAQ led gains. European indices rose on better-than-expected data​

     

  • Cryptocurrencies: Bitcoin hit $67,000 on institutional interest. XRP and Polkadot (DOT) posted gains on partnerships​

     


Friday, December 13

  • Global Indices: The week ended positively. Dow Jones and S&P 500 rose on strong consumer spending. The DAX and CAC 40 rebounded on corporate earnings. Asian markets closed higher​

     

  • Cryptocurrencies: Bitcoin held at $67,200, and Ethereum ended at $3,600. Solana and Cardano showed steady gains​.