Market Brief 12 September, 2024

Good evening, investors and traders! The markets are showing positive momentum today, with the Nasdaq 100 Index (NDX) up by 0.98% to 19,425.24 and the S&P 500 Index (GSPC) gaining 0.75% to 5,595.79. The news is filled with developments in the cryptocurrency space, including predictions of massive rallies for Ethereum and Solana, and a new UK bill recognizing digital assets as personal property. The CFTC is also taking action to combat increased crypto scams, announcing partnerships to educate the public and combat pig butchering scams. The global crypto adoption index shows India, Nigeria, and Indonesia leading the way in Bitcoin transactions, while the US housing market continues to see rising costs. The Federal Reserve is expected to cut interest rates next week, which could further fuel the crypto rally.