Weekly Market Report
NASDAQ-Global Leading Tech
The NASDAQ Index corrected by 0.82% and closed at 29,127 in the last week.
CRWD & FTNT were the strongest stocks for the week, rising around 14% & 9% respectively.
The NASDAQ Index is expected to gain this week.
CRYPTO
What is the general sentiment for Crypto?
The sentiment towards the cryptocurrency market stays in the GREED zone. Compared to last week, the Fear & Greed Index decreased from 71 to “69”.
CVDD-TOP CAP PRICE CHART INDICATOR
Bitcoin is expected to gain this week. As per the Terminal price model, Bitcoin’s cycle top price prediction is around $299,000 and Bottom is around $50,000.
Bitcoin chart
$BTC corrected 4.36% and closed at 76.84K in the last week. Bitcoin is expected to consolidate for couple of weeks and then resume its upward journey.
ETH/USDT
$ETH corrected 1.49% and closed at $2476 in the last week. ETH is expected to consolidate for couple of weeks and then resume the upward journey
Strong momentum tokens to watch for – INJ & NEAR .
NIFTY
The Nifty50 Index corrected by 2.09% and closed at 23,398 in the last week. The Nifty is trading near the demand zone and is expected to bounce back from here.
PICK OF THE WEEK - YATHARTH
MINTALPHAA - AI Based Stock Portfolio
MintAlphaa: Where Cutting-Edge AI Meets Superior Returns. Unlock the potential of the market with our high-performing AI portfolios and advanced investment strategies.
Automate your stock investments today with MINTALPHAA.
Listen to our founder speaking about crypto investments on the Spotify podcast with financial express.