#MarketRebound The market rebound is a hot topic, with various factors contributing to the current surge. Here are some key points to consider:
Market Performance
- *S&P 500*: Down 3.45% with a current price of 5117.60, indicating a recent dip.
- *Nasdaq*: Similarly, down 3.71% with a current price of 17640.80, reflecting market volatility.
- *Bitcoin*: Surged above $90,000, leaving bears in a tough spot, with potential for further price increases due to growing demand and limited supply.
- *Ethereum*: Showing strong bullish momentum, with potential for price increases, especially given its current oversold position ¹ ² ³.
Driving Factors
- *Trade Deal Progress*: Potential progress on trade deals, especially with countries like Japan and India, is contributing to market optimism.