From the comment, Bitcoin is extremely volatile due to news of fake ETF approval from the US Securities and Exchange Commission (SEC).
US stocks
The S&P 500 index erased its previous decline on Tuesday (January 9) thanks to the rise of technology stocks, but still closed the session with a slight decrease.
At the end of the trading session, the S&P 500 index retreated 0.15% to 4,756.5 points. At the session’s low, the index fell 0.7%. Dow Jones lost 157.85 points (equivalent to 0.42%) to 37,525.16 points after falling 310 points at the lowest level of the session. The Nasdaq Composite index recovered from a loss of nearly 0.9% and closed the session with a slight increase of 0.09% to 14,857.71 points.
Nvidia shares rose 1.7%, reaching a new ATH. Amazon shares also rebounded more than 1.5% along with Alphabet shares. Juniper Networks shares jumped nearly 22% on Tuesday following a report in The Wall Street Journal that Hewlett Packard Enterprise could announce a deal to buy the hardware company for about $13 billion as soon as this week.
The technology sector, which had an outstanding performance in 2023, has struggled to start 2024, putting pressure on the broader market. Year-to-date, the sector is down more than 1.1%.
Healthcare was one of four S&P 500 sectors in the green on Tuesday. Since the beginning of 2024, this sector has increased by 3%, becoming the best performing sector.
These moves come after a strong stock trading session. The S&P 500 and Nasdaq Composite rose on January 8 as large-cap technology stocks recovered from last week’s decline.
This weekend, investors will receive a pair of important inflation indexes to learn more about the US Federal Reserve’s (Fed) interest rate lowering roadmap. The US consumer price index CPI December 2023 is expected to be announced on January 11, followed by the PPI producer price index on January 12.
Companies that will report earnings this week include Infosys on January 11, as well as JPMorgan Chase, UnitedHealth, Bank of America and Delta Air Lines on January 12.
Oil prices rose on Tuesday (January 9), after falling in the previous session, as the market weighed tensions in the Middle East, demand concerns and supply increases from the Organization of Nations. Petroleum Export (OPEC).
At the end of the trading session, Brent oil contract increased by 1.47 USD (equivalent to 1.93%) to 77.59 USD/barrel. WTI oil contract added 1.47 USD (equivalent to 2.08%) to 72.24 USD/barrel.
Bitcoin and Altcoins
Bitcoin (BTC) experienced strong fluctuations during Tuesday’s trading session, as a social media post by the United States Securities and Exchange Commission (SEC) about approving Bitcoin ETFs traded is immediately untrue.
Bitcoin jumped 2.5% to a 19-month high at $47,900 shortly after the official SEC account shared on X (formerly Twitter) the approval of a Bitcoin ETF.
However, after that, Bitcoin price plummeted nearly 6% to below $45,000 when SEC Chairman Gary Gensler denied this information.
The top asset is currently trading around $45,700, down more than 2% in the past 24 hours.
The Altcoin market had mixed movements as Bitcoin fluctuated strongly yesterday.
On the gaining side, Helium (HNT) and Bonk (BONK) are the two best performing projects with an impressive increase of more than 20%, erasing all losses recorded in the past 7 days.
Following closely behind is Lido DAO (LDO) with a gain of 18% in the short term and 28% on the week.
Some other projects such as Mantle (MNT), Rocket Pool (RPL), Optimism (OP), WEMIX (WEMIX), Ethereum Classic (ETC), Frax Share (FXS), Arbitrum (ARB) … increased by 5-9%. .
On the downside, Klaytn (KLAY) was the project with the worst performance of the day, evaporating 26% of its value, bringing the total loss for the week to exceed 30%.
Astar (ASTR), Stacks (STX), SATS (1000SATS), Injective (INJ) also dropped more than 10% in just the past 24 hours.
FTX Token (FTT), NEAR Protocol (NEAR), Sei (SEI), ORDI (ORDI), eCash (XEC), WOO (WOO), Mina (MINA), Algorand (ALGO), Gala (GALA), Theta Network ( THETA), The Graph (GRT), Phantom (FTM)… Something like 5-7%.
While Bitcoin has been volatile, Ethereum (ETH) bulls have been pushing the price to retest the $2,400 threshold. After hitting a local bottom at $2,226, buying pressure appeared to pull ETH price up sharply. Currently, the asset with the 2nd largest capitalization on the market is trading around $2,376, up more than 3% compared to the previous 24 hours.
The column “Coin price today” will be updated at 9:00 every day with general news about the market, we invite readers to follow.
