COINOTAG News reports that on January 24th, the U.S. stock market demonstrated **robust** growth, with all three major indices climbing significantly. The Dow Jones Industrial Average increased by **0.92%**, while the S&P 500 Index reached a fresh **all-time high**, rising by **0.53%**. Conversely, the Nasdaq Composite Index noted a modest gain of **0.22%**. In the tech sector, performance was mixed; for instance, **NVIDIA** edged up by **0.1%**, whereas **Tesla** saw a decline of **0.66%**. The cryptocurrency landscape remained dynamic, particularly with **Bitcoin** experiencing substantial volatility. Rumors surrounding a potential U.S. Bitcoin strategic reserve temporarily lifted BTC prices to nearly **$107,000**, although it subsequently retreated below **$103,000** due to market adjustments.
In the broader financial markets, geopolitical factors influenced actions at the Davos Forum, where former President Trump advocated for **immediate** Federal Reserve rate cuts and ambitious investments from Saudi Arabia totaling **$1 trillion**. While the U.S. dollar experienced a brief uptick, it soon faced a slight retreat as oil prices took a hit, with both **Brent** and **U.S. crude oil** prices reversing previous gains by around **1%**. Despite a three-month peak, **gold prices** retracted over **0.7%**, signaling some profit-taking among investors.
Moreover, Trump’s executive order established a new **cryptocurrency working group** aimed at developing updated regulatory frameworks for digital assets and examining the feasibility of a national cryptocurrency reserve, with proposals expected within **180 days**. The **SEC’s** revocation of policy **SAB 121** now permits U.S. banks to offer custody services for Bitcoin, further enhancing market stability. This strategic pivot reflects a broader commitment to reform U.S. cryptocurrency regulations, which is beginning to instill renewed confidence among market participants.
4E, a platform focused on diverse financial trading, including **cryptocurrencies**, has introduced a USDT stablecoin product with an annualized return of **5.5%**, offering potential hedging benefits for investors. They emphasize vigilance regarding **market volatility** and prudent asset allocation as essential practices for participants in current market trends.