Bitcoin surpasses $102,000, altcoins mixed, Wall Street sideways
● Bitcoin continued to rise for the seventh day in a row, hitting a local peak of $102,480, the highest level since December 18.
● U.S. stock futures were almost flat late Monday after the S&P 500 and Nasdaq Composite rose for a second day in a row.
● S&P 500 futures were little changed, while Nasdaq 100 futures edged up less than 0.1%. Futures tied to the Dow Jones Industrial Average fell 35 points, or less than 0.1%.
● In after-hours trading, shares of Ulta Beauty rose about 1% after the company named a new CEO and raised fourth-quarter guidance.
● During the regular trading session, the S&P 500 rose 0.55%, while the tech-heavy Nasdaq rose 1.24%. The Dow Jones, which is comprised of 30 underperforming stocks, fell 0.06%.
●Key economic reports that help influence market movements are due this week. The employment and labor income surveys will be released on Tuesday, while the ADP private employment report is expected on Wednesday. The main event will take place on Friday in the form of the December nonfarm payrolls report.
●This is a shortened trading week to just four days, with the New York Stock Exchange closed on Thursday in honor of the late President Jimmy Carter.
●Bitcoin rose for the seventh consecutive day to break above the $102,000 area. After hitting an intraday local bottom below the $98,000 mark, the flagship asset surged above $4,000, breaking through the psychological resistance of $100,000 and going on to hit a local peak of $102,480.
●The altcoin market was mixed yesterday.
● Ethereum (ETH) broke through the $3,700 mark and went on to hit a local peak of $3,744, the highest level since December 18. Currently, bulls are still trying to push the price higher as the price consolidates around $3,690.
