BTC Surpasses 100k: Impact on Market Trends (E55)

BTC reached an all-time high, finally surpassing the 100k mark, a significant milestone that reflects growing institutional interest and increased adoption within the cryptocurrency space. Meanwhile, SPY is at the 606 support level, with the possibility of continuing to climb as we approach the Santa Claus rally, typically characterized by positive market momentum in December. Real estate has seen a couple of price adjustments in the past weeks; however, days on the market have increased compared to the previous year, signaling a potential shift in buyer sentiment as interest rates fluctuate. Additionally, Rivn is definitely a stock you want to keep an eye on, especially with recent news about a potential $5.8 billion investment from VWG, which could greatly impact its market trajectory and overall growth strategy. This week’s economic data will include the Consumer Price Index (CPI) released on Wednesday, while Initial jobless claims are scheduled to be released on Thursday, alongside key bond data. The outcomes of these reports will undoubtedly set us up for next week’s crucial Federal Reserve decision, which could influence market forecasts and investor behavior heading into the new year.