Market Overview - The market is currently 0.6% away from all-time highs as December begins, with investor sentiment remaining in Extreme Fear according to the Blossom Fear and Greed Index, indicating a divergence between price strength and investor psychology [2][4]. Software Earnings - The software earnings season is underway, with major companies like CrowdStrike, SentinelOne, MongoDB, Snowflake, and UiPath set to report this week [5]. - Estimates suggest mid-to-high double-digit revenue growth for CrowdStrike and SentinelOne, while Snowflake is expected to show decelerating but still strong cloud data growth. MongoDB is anticipated to maintain momentum driven by its Atlas platform [6]. Cryptocurrency Market - The cryptocurrency market is showing signs of recovery, with Bitcoin bouncing back from lows around 80k and Ethereum holding near 2600. However, the overall trend remains fragile [7]. - A significant rally in the market would be incomplete without a strong performance from cryptocurrencies, which would need to reclaim major moving averages for Bitcoin and break its downtrend for Ethereum to confirm a bullish setup [10].
December Opens, Earnings Roll On, Crypto Tempts A Comeback - Grayscale Bitcoin Mini Trust (BTC) (ARCA:BTC)