Market Brief 18 November, 2024

Good evening, investors and traders! The markets are showing positive momentum today, with the S&P 500 Index (GSPC) up by 0.36% to 5,894.35 and the Nasdaq 100 Index (NDX) gaining 0.72% to 20,562.08. Several key developments are driving market sentiment, including a surge in Bitcoin's price, fueled by MicroStrategy's massive $4.6 billion purchase of the cryptocurrency. The news of a potential Bitcoin reserve in Poland, inspired by Trump's crypto victory, is also adding to the bullish sentiment. Meanwhile, the memecoin frenzy continues, with Solana-based DApps seeing record fees as investors flock to new projects. The upcoming launch of BlackRock's Bitcoin ETF options on Nasdaq is also generating excitement in the crypto market.