The cryptocurrency market ended the week with some volatility, as altcoins traded mixed while Bitcoin held support near $29,400. Bitcoin remained range-bound between $29,200 and $29,700, with both bullish and bearish forces at equal strength, resulting in a stagnant price action.
Stocks closed the final trading week of July on a positive note, as the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE), showed moderate inflation of 4.1% compared to the same period last year, the lowest level since September 2021. The S&P, Dow, and Nasdaq all closed with gains of 0.99%, 0.50%, and 1.90%, respectively.
Stocks closed the final trading week of July on a positive note, as the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE), showed moderate inflation of 4.1% compared to the same period last year, the lowest level since September 2021. The S&P, Dow, and Nasdaq all closed with gains of 0.99%, 0.50%, and 1.90%, respectively.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.