Market Brief 23 September, 2024

Good evening, investor! The markets are showing positive momentum today, with the S&P 500 Index (GSPC) closing up 0.28% at 5,718.7 and the Nasdaq 100 Index (NDX) gaining 0.3% to reach 19,851.08. Vice President Kamala Harris has made her first public statement on crypto, pledging to encourage the growth of digital assets and AI while protecting investors. The Fed's recent rate cut has spurred a surge in institutional inflows into Bitcoin, with analysts predicting further gains for the cryptocurrency. The Australian government is pushing for stricter regulations for crypto firms, requiring them to hold financial services licenses. The global cryptocurrency market is seeing significant price movements, with Bittensor (TAO) surging by 90% in the past week and Immutable X (IMX) gaining over 79% in the same period.