- On May 29, the S&P 500 index posted its ninth straight weekly gain, its longest rally since 2023.
- Despite Bitcoin’s slight recovery, its growth rate is lagging behind the stock index.
The S&P 500 index is on track for its longest gains since 2023, and Brent crude oil has stabilized at $92, while the two leading cryptocurrencies Bitcoin и эфириум end the week in the red.
Last Friday, the S&P 500 index showed The index has risen for the ninth consecutive week, making it the longest rally since 2023 and one of the few upward streaks in the last forty years. Since its March lows, the index has risen by approximately 20%.
The price of Brent crude oil is At $92 per barrel, US Treasury yields rose, partially offsetting losses related to the military action in Iran. Favorable macroeconomic conditions arose from expectations that the ceasefire between the US and Iran would last 60 days.
The cryptocurrency market has failed to meet investor expectations. Over the past week, Bitcoin lost 2,3% in value and fell to $73,468. Efirium fell almost 2% to $2,014. Solana also fell by 1,9% to $82,36. TRON fell 5,24%, the worst performance among the top 10 cryptocurrencies in a week, according to According to CoinMarketCap. The exception was token HYPE, which has risen 19,9% to $66,19 over the past seven days.
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