Bitcoin continues to gain points for the 4th consecutive day after breaking the $73,000 mark and approaching the previous ATH.
BTC price chart - 1 day | Source: TradingView
S&P 500 futures rose on Tuesday night as traders prepared for a series of additional reports from major tech companies and looked to key economic growth data.
Futures contracts linked to the broad market index rose 0.3%, while Nasdaq 100 futures gained 0.3% and Dow futures edged up 64 points, or 0.1%.
Alphabet kicked off an important week with reports from many large-cap tech companies. The parent company of Google beat analysts' expectations as the company saw strong quarterly revenue growth from its cloud business. Shares rose 5% in extended trading.
Shares of chip maker AMD fell 8% in after-hours trading as the company's fourth-quarter revenue guidance failed to impress investors.
Major tech companies Meta Platforms and Microsoft will report on Wednesday, while Apple and Amazon will report on Thursday.
On the economic front, investors are awaiting the first preliminary gross domestic product data to be released on Wednesday. The report is expected to show GDP grew at a 3.1% annual pace in the third quarter. This figure would be only 0.1% higher than the same period and would mark the 10th consecutive quarter of growth. The report is also expected to show inflation is nearing or below the Federal Reserve's 2% target.
Ahead of Big Tech earnings, investors pushed the Nasdaq Composite to a new record high in Tuesday's trading session. Nasdaq rose 0.78%, while the S&P 500 edged up 0.16%. The 30-stock Dow index underperformed, falling 0.36%.
Bit reached a local peak of $73,620, the highest level since setting an ATH of $73,777 on 03/14.
The bulls have pushed the price up for 4 consecutive days. On a monthly timeframe, the leading asset has surged more than 14% with the goal of setting a new record high.
BTC price chart - 4 hours | Source: TradingView
The Altcoin market continued to grow yesterday.
Sui (SUI) was the best performing project in the last 24 hours, jumping more than 12% and erasing all losses from the previous week.
Other major projects such as Mog Coin (MOG), Aptos (APT), Conflux (CFX), Dogecoin (DOGE), Pendle (PENDLE), First Neiro On Ethereum (NEIRO), Ondo (ONDO), Chainlink (LINK), Popcat (POPCAT), Bitcoin Cash (BCH), Pyth Network (PYTH), ApeCoin (APE), Sei (SEI), Cardano (ADA)... gained 4-6%.
Source: Coin360
Ethereum (ETH) gained points for the 4th consecutive day, setting a local peak at $2,681.
The bulls are currently trying to maintain the price above the $2,600 level with a growth of nearly 3% in the last 24 hours.
ETH price chart - 1 day | Source: TradingView
You can view coin prices here.
The "Coin Prices Today" section will be updated at 9:30 am daily with a summary of market news, please follow.
Join Telegram: https://t.me/tapchibitcoinvn
Follow Twitter (X): https://twitter.com/tapchibtc_io
Follow Tiktok: https://www.tiktok.com/@tapchibitcoin
Viet Cuong
Bitcoin Magazine
