Market Brief 24 April, 2025

Good evening, investors and traders! The markets are experiencing a volatile day, with the S&P 500 Index (GSPC) up by 2.14% to 5,482.05 and the Nasdaq 100 Index (NDX) up by 2.86% to 19,199.78. President Trump's comments on trade and the Federal Reserve have caused uncertainty, but investors are cautiously optimistic about a potential resolution to the trade war with China. The SEC is holding a roundtable on crypto custody this Friday, which could signal a shift in crypto policy. Bitcoin is seeing strong institutional demand, with BlackRock's iShares Bitcoin ETF (IBIT) seeing significant inflows. The crypto market is also seeing a surge in interest in XRP, with CME Group set to launch XRP futures on May 19th.