Bitcoin recorded its third consecutive week of growth as President Trump's victory helped boost the market. However, the upward momentum seems to be gradually cooling.

BTC Price Chart – 1 Week

US Stocks

Futures market stocks saw a slight increase on Sunday night as Wall Street anticipates a week of earnings reports and monitors a seemingly stalling post-election price surge.

Futures contracts linked to the Dow Jones Industrial Average fell by 16 points, less than 0.1%. S&P futures rose by 0.1%, while Nasdaq 100 futures increased by 0.2%.

The volatility on Sunday came after a tough week for the three main indices, which have now decreased from the highs recorded following the election victory of President-elect Donald Trump. The Dow Jones index ended the week at 43,444.99 points, after surging past 44,000 for the first time earlier. The S&P 500 also fell last week and closed at 5,870.62, while the tech-heavy Nasdaq Composite ended the week down around 18,680.12.

Concerns about the interest rate trajectory continue to weigh on investors' minds, especially after Federal Reserve Chairman Jerome Powell stated on Thursday that the central bank is not in a hurry to cut interest rates due to strong economic growth and a solid labor market, which triggered last week's sell-off. According to CME's FedWatch Tool, most investors are currently pricing in overnight lending rates at the end of the year in the range of 4.25% to 4.50%.

The next main catalyst for the market this week will be Nvidia's earnings, expected to be announced on Wednesday. Traders will be watching for guidance on the company's demand for Blackwell AI chips.

Earnings from Palo Alto Networks and several major retailers, including Walmart, Target, and Ross, will also be announced this week. So far, with 93% of S&P 500 companies reporting results, three-quarters of them have positive EPS and 61% have reported positive revenue.

Bitcoin and Altcoin

Bitcoin ended last week in the green with an increase of 11.8% as the price surge following the election helped boost the space.

The asset also quickly surpassed the $90,000 mark and set a new record high of $93,265 on November 13. However, since then, BTC has shown signs that the upward momentum is beginning to stall.

BTC reversed its decline over the last two days of the weekend after failing to maintain prices above the $92,000 threshold.

Currently, the top asset is trading just below the psychological $90,000 mark, down slightly 1% from 24 hours ago.

BTC Price Chart – 1 Day

The Altcoin market decreased yesterday.

Leading the way is Flare (FLR) as this token has lost nearly 15% of its value in the past 24 hours. However, on a weekly timeframe, FLR still recorded a profit of 40%.

Other major projects in the top 100 such as Filecoin (FIL), Bitcoin SV (BSV), Litecoin (LTC), Cosmos (ATOM), Bitcoin Cash (BCH), Arweave (AR), eCash (XEC), Helium (HNT), Polkadot (DOT), Ethereum Classic (ETC), EOS (EOS), VeChain (VET), Mog Coin (MOG), Fantom (FTM), JasmyCoin (JASMY), Neo (NEO)… all decreased by 6-9%.

Ethereum (ETH) was unable to maintain its bullish momentum at the beginning of the week.

After reaching a local peak of $3.442 on November 12, the second-largest market cap asset began to show signs of weakness and ended last week in the red with a decline of over 3%.

Currently, ETH is trading around $3,100, down slightly about 1% in the past 24 hours.

ETH Price Chart – 1 Week

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