Market Brief 22 November, 2024

Good evening, investors and traders! The markets are showing mixed signals today, with the S&P 500 Index (GSPC) up by 0.16% to 5,958.05, while the Nasdaq 100 Index (NDX) is down by -0.03% to 20,749.02. The news is dominated by cryptocurrency, with Bitcoin nearing $100,000 and several altcoins experiencing significant price surges. The SEC Chair Gary Gensler's resignation has sparked optimism in the crypto market, with XRP and Solana leading the gains. Meanwhile, MicroStrategy's $3 billion debt offering to buy more Bitcoin has raised questions about its long-term viability. The US government is also taking steps towards regulating crypto, with the UK set to introduce a comprehensive framework in early 2025.