According to BlockBeats, global markets showed signs of recovery after a period of decline. Following five consecutive days of losses, U.S. stocks rebounded on Friday, with major indices closing near their daily highs. However, the overall weekly performance was negative, with the S&P 500 down 0.48%, the Dow Jones Industrial Average falling 0.60%, and the Nasdaq Composite dropping 0.51%.
In the cryptocurrency market, a significant rebound was observed at the start of the year. Bitcoin, after a nearly 15% drop, hit a low of $91,530 before recovering, marking an over 8% increase from its lowest point on December 30. Currently, Bitcoin is fluctuating around the $99,000 mark, with strong bullish sentiment suggesting a potential challenge to the $100,000 threshold. Ethereum has shown relative strength, rising over 18% from its lowest point on December 20 to its current price of $3,668. Many altcoins have also experienced substantial rebounds. However, AI agent-themed cryptocurrencies, which saw significant gains in recent days, are now undergoing notable corrections.
In the foreign exchange and commodities markets, the U.S. dollar index fell 0.4% on Friday, retreating from a two-year high, with a weekly gain narrowing to 0.7%. The euro and the British pound both declined by over 1% this week. Oil prices were supported by positive demand outlooks, rising for five consecutive days to reach a more than two-month high. Brent crude increased by approximately 3% last week, while U.S. crude rose nearly 5%. The strengthening dollar caused spot gold to retreat from a three-week high, though it still posted a weekly gain of nearly 1%.
Key economic events to watch this week include the release of the December FOMC meeting minutes and the non-farm payroll report on Friday. While the December meeting's dot plot indicated a hawkish stance, the minutes will provide clearer insights into Federal Reserve officials' views on the U.S. economic outlook and whether they perceive rising risks of economic slowdown.
