Summary
TLDR: Bitcoin and ether hit new highs, with Bitcoin reaching $72,846.65 and ether trading around $4,000. Federal Reserve expected to hold interest rates next week. Stocks saw a mild correction. Mixed jobs report adds uncertainty about the state of the US economy.
Key Points
1. Bitcoin hit a new record high of $72,846.65 on Monday, up close to 5% for the day and more than 8% over the past week.
2. Ether (ETH) also saw a rally on Monday, trading around $4,000, up 4% over 24 hours. Ether has yet to reach a new all-time high, with its previous record price of $4,721 set in 2021.
3. The Federal Reserve’s Open Market Committee is set to meet next week for their policy-setting meeting, with markets expecting central bankers to hold interest rates steady. Stocks saw a mild correction on Monday, with the S&P 500 and Nasdaq Composite indexes closing 0.1% and 0.4% lower, respectively.