Weekly Market Report
NASDAQ-Global Leading Tech
The NASDAQ Index gained as expected by 0.43% and closed at 29,433 in the last week.
NVDA & AMZN were the strongest stocks for the week, rising around 9% & 4% 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 73 to “62”.
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 stayed flat and closed at 77.68K in the last week. Bitcoin is expected to consolidate for couple of weeks and then resume the upward journey.
ETH/USDT
$ETH corrected 1.65% and closed at $2419 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 – UNI & PENGU.
NIFTY
The Nifty50 Index corrected by 0.31% and closed at 24,175 in the last week. The Nifty has formed higher lows and is showing signs of reversal. Nifty is expected to gain from here.
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