Price Action:

*In the past 24 hours, BTC showed steady, slightly bullish movement, rising from $96,909 to $97,518, with a high of $99,521 and a low of $95,710—a 4% range. Despite overbought RSI and Stochastic signals, strong accumulation and positive sentiment hint at further gains, though a short-term pullback remains possible.

*ETH saw more volatility, opening at $3,335 and closing at $3,296, with a high of $3,429 and a low of $3,242. While overbought signals persist, strong support and long-term indicators point to continued upward momentum, tempered by the risk of near-term corrections.

Friday

*Stocks faltered as investors shifted focus abroad after a strong U.S. equities rally. The dollar climbed for an eighth straight week, marking its longest winning streak this year.

*The S&P 500 edged up slightly, while the Nasdaq 100 was flat. Bank of America warned that the Nasdaq 100, up over 4% this month, is nearing a level that may reverse the trade favoring U.S. stocks.

*Optimism over Donald Trump’s tax cuts and pro-industry policies drove U.S. stock gains, while European equities stagnated amid weak economic data and geopolitical concerns. The eurozone’s PMI dipped into contraction territory, boosting expectations for a December ECB rate cut to 50%. Sovereign bonds rallied, and the euro hit a two-year low.

*U.S. business activity reached a 31-month high in November, driven by hopes for lower rates and Trump’s policies. Traders now see a slightly better than even chance of a December rate cut.

Thursday

*US equity futures rose, driven by Snowflake’s strong results boosting software stocks. Oil rallied amid concerns over the Ukraine war.

*Bitcoin approached $100,000 as optimism over potential crypto-friendly policies under Trump’s administration fueled the rally. Discussions are underway about creating a White House digital-asset policy role.

*S&P 500 futures gained 0.3%, and Nasdaq 100 futures edged higher as Snowflake surged 20% premarket, offsetting Nvidia’s weaker forecast. Bitcoin’s climb fueled an 11% early rally in MicroStrategy shares. Treasury yields and the dollar held steady.

*Escalating tensions in Ukraine pushed oil and gold higher, with European natural gas futures hitting a one-year peak. Ukraine reported a Russian missile strike overnight, calling it a major escalation.

*Traders are eyeing US jobless claims for economic clues and watching for a decision on Trump’s Treasury secretary nominee.

Wednesday

*U.S. futures struggled for direction as traders awaited Nvidia Corp.’s earnings later on Wednesday for potential market catalysts.

*S&P 500 and Nasdaq 100 futures remained steady after Wall Street rebounded from earlier volatility tied to the escalation of Russia’s war in Ukraine. 

*Bloomberg’s dollar index rose 0.4%, reversing a three-day decline, and the 10-year U.S. Treasury yield edged up three basis points after falling the previous day amid a shift to safe-haven assets.

*Nvidia’s quarterly results are in focus as investors assess whether the chipmaker, buoyed by AI hardware demand, can sustain its momentum. The company gained 4.9% in the prior session and rose slightly in premarket trading.

*Traders are also watching Donald Trump’s key appointments, particularly for Treasury Secretary. Former Federal Reserve Governor Kevin Warsh and Apollo Global Management CEO Marc Rowan are leading contenders.

*On its debut trading day, IBIT options saw an impressive $2 billion in notional exposure. The trading activity heavily favored call options over puts, with a 4.4:1 ratio, likely fueling Bitcoin’s surge to fresh record highs.

*Meanwhile, Coinbase has announced it will phase out support for wBTC, with trading set to be suspended on December 19.

Tuesday

*Stocks fell, with European shares losing nearly 1% and global bonds rising amid concerns over the latest developments in Russia’s war with Ukraine.

*S&P 500 futures dropped 0.4%, while the 10-year Treasury yield declined by five basis points to 4.36%. The decline was more pronounced in Europe, with German bond yields hitting their lowest level since October. The euro fell by 0.3%, and Poland’s main stock index tumbled 2.5%.

*The markets were unsettled by reports that Ukrainian forces conducted their first strike on a Russian border region using Western-supplied missiles. Earlier, President Vladimir Putin approved a revised nuclear policy broadening the conditions under which Russia could use nuclear weapons, including in response to a major conventional attack on Russian territory.

*In the crypto market, Bitcoin approached its record high, rising above $91,000, buoyed by a series of events underscoring increasing support for the digital-asset sector by Trump.

Additionally, options trading for BlackRock’s iShares Bitcoin Trust ETF (IBIT) is set to begin on Nasdaq today.

Monday

*US stock futures inched up as investors awaited new signals on economic growth and interest rate trends. Gold climbed higher, and Bitcoin surpassed the $90,000 threshold.

*Futures for the S&P 500 pointed to modest gains at the open, while Nasdaq 100 futures rose 0.4%, driven by a premarket surge in Tesla shares amid speculation that Donald Trump’s team might ease regulations on self-driving cars. Gold advanced over 1% after Goldman Sachs Group Inc. analysts forecasted a record high for the metal by the end of next year. Bitcoin rebounded following its largest two-day decline since the U.S. election.

*This week, attention is on Trump’s nominee for Treasury Secretary, along with Nvidia Corp.’s earnings report on Wednesday, which will test the resilience of AI-driven stock gains. Despite the S&P 500 surrendering more than half of its post-election rally, gains are expected to resume in the long run.

*In Europe, the Stoxx 600 slipped 0.2%, weighed down by persistent concerns about potential U.S. tariffs under the new administration and economic softness in China. Upcoming inflation data from the Eurozone on Tuesday and the UK on Wednesday will provide insight into the future policies of the Bank of England and the European Central Bank.