Bitcoin ETF Approval Sparks Price Surge; Markets See Volatility Around Inflation Data and Davos
• Bitcoin ETFs finally get SEC approval after years of applications, causing price shocks. Listings on major exchanges forthcoming.
• U.S. inflation report surprises markets with higher figures, leading to questions on timing of rate cuts. USD volatile but stable overall.
• Upcoming week has major economic events like WEF Davos meetings and retail sales/inflation reports for several countries.
• Crude oil breaks resistance at $74, hits $75 before dropping back. Gold similarly volatile after data releases.
• Equity markets saw ups and downs on surprise data, but indices remain at high levels. NASDAQ tests key $16,900 resistance.