Market Brief 20 September, 2024

Good evening, investors and traders! The markets are experiencing a mixed bag of emotions today, with the S&P 500 Index (GSPC) down by -0.19% to 5,702.63 and the Nasdaq 100 Index (NDX) down by -0.23% to 19,793.76. The Federal Reserve's recent rate cut has sparked a surge in Bitcoin and other cryptocurrencies, with Bitcoin reaching $64,000. The Bank of Japan, however, has kept interest rates unchanged, signaling its confidence in a solid economic recovery. Meanwhile, the SEC has dismissed ConsenSys' lawsuit against the agency, ending an Ethereum investigation. The crypto market is facing uncertainty as $1.6 billion in Bitcoin options expire today, potentially leading to increased volatility.