#NasdaqETFUpdate — Market Snapshot 🧠
Nasdaq-based ETFs are back in the spotlight! With an increasingly sharp rotation in the technology sector, $QQQ and other ETFs tracking the Nasdaq-100 are showing rebound signals after US inflation pressures.
🔍 Key Facts:
$QQQ rose 1.8% this week 🚀
Nvidia, Microsoft & Apple are the main drivers 📊
Transaction volume increased by 12% compared to last week
🎯 What does this mean for crypto investors? Nasdaq movements often reflect global risk sentiment. When Nasdaq strengthens, crypto often gets a boost as well. The BTC-Nasdaq correlation is currently around 0.63 — still quite strong!
💬 Stay tuned! Crypto spot ETFs in the US are also awaiting further regulatory decisions. This could be the next game changer.
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📌 Keep an eye on #NasdaqETFUpdates & #CryptoMarket
