President Biden signed Congress's spending package, avoiding a government shutdown and keeping federal operations funded. However, the markets remain unsettled, with the S&P 500 down 1.7% since the start of December. The dip in the market is attributed to hawkish Fed commentary, political turmoil, and disappointing jobless claims data. The S&P 500 and Nasdaq Composite are trading flat, while bitcoin has also stalled, down 13% from its all-time high. Analysts suggest that macro conditions and investor sentiment will be key factors in determining crypto market performance in the final days of the year.



Other News from Today