Weekly Market Report
NASDAQ-Global Leading Tech
As expected the NASDAQ Index gained by 3.25% and closed at 30, 608 in the last week.
ALAB & DDOG were the strongest stocks for the week, rising around 21% & 17% respectively.
The NASDAQ Index is expected to continue the momentum and 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 “70”.
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 gained 4.19% and closed at 84.57K in the last week. Bitcoin is expected to consolidate this week.
ETH/USDT
$ETH gained 1.76% and closed at $2688 in the last week. ETH is expected to consolidate in the coming week
Strong momentum tokens to watch for – TAO & AR.
NIFTY
The Nifty50 Index corrected by 0.88% and closed at 23,140 in the last week. The Nifty is trading near the demand zone and is showing signs of reversal from here.
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