🏃♂️ The stock market is showing its strongest streak in 20 years. What does it mean for crypto?
The S&P 500 has now closed higher for nine straight days — something we haven’t seen in two decades. This comes on the back of solid macro data, strong earnings, and reports of possible tariff talks between the US and China.
Yesterday, all three major indices closed in the green:
• Dow Jones +1.39%.
• Nasdaq +1.51%.
• S&P 500 +1.47%.
This rally has almost fully erased the drop after the infamous «Black Monday».
The crypto market had a 💪 strong week too: altcoins surged while BTC moved into a calm sideways range. In fact, #BTC volatility this week hit its lowest level in 5 years.
What’s next?
After 9 consecutive green days with no real pullbacks, a short-term correction seems very likely. So be cautious with new longs.
🔥 Next week — the FOMC meeting. The market expects the Fed to pause rate changes, but the key will be Powell’s tone. What he says could shape the direction of both traditional and crypto markets. #EUPrivacyCoinBan #BTCRebound #BinanceAlphaAlert #SaylorBTCPurchase