Market Brief 27 December, 2024

Good evening, investors and traders! The markets closed the week on a sour note, with the Nasdaq 100 Index (NDX) down by -1.36% to 21,431.11 and the S&P 500 Index (GSPC) down by -1.02% to 5,972.4. Several key events impacted the market, including the impeachment of South Korea's acting president, Han Duck-soo, and the announcement of a new Bitcoin bond ETF proposal by Vivek Ramaswamy's Strive Asset Management. The news of Do Kwon's extradition to the United States also sent ripples through the crypto market, while the potential for a new trade war with China continues to weigh on investor sentiment. Despite the recent downturn, there are still some bright spots in the market, with Bitcoin ETFs seeing significant inflows and several altcoins showing signs of potential growth. Keep an eye on these developments as we head into the new year.