Market Brief 19 September, 2024

Good evening, investors and traders! The markets are showing positive momentum today, with the Nasdaq 100 Index (NDX) up by 2.57% to 19,841.32 and the S&P 500 Index (GSPC) gaining 1.7% to 5,713.64. The Federal Reserve's decision to cut interest rates by 50 basis points has boosted market sentiment, leading to a surge in Bitcoin and other cryptocurrencies. The US government's acceptance of Bitcoin payments for state services in Louisiana is a significant step towards mainstream adoption. The crypto market is buzzing with news of a potential Solana killer, Sui, and a new crypto phone, Solana Seeker, which is expected to launch in 2025.