{"id":26804,"date":"2023-12-18T18:42:59","date_gmt":"2023-12-18T18:42:59","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/price-analysis-12-18-spx-dxy-btc-eth-bnb-xrp-sol-ada-avax-doge\/"},"modified":"2023-12-18T18:43:01","modified_gmt":"2023-12-18T18:43:01","slug":"price-analysis-12-18-spx-dxy-btc-eth-bnb-xrp-sol-ada-avax-doge","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/price-analysis-12-18-spx-dxy-btc-eth-bnb-xrp-sol-ada-avax-doge\/","title":{"rendered":"Price analysis 12\/18: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, AVAX, DOGE"},"content":{"rendered":"
The S&P 500 Index (SPX) rose 2.49% last week, extending its string of weekly gains to seven weeks, the longest such winning streak since 2017. However, Bitcoin (BTC) could not maintain its momentum and succumbed to profit-booking by the bulls. Trading resource Material Indicators said in a X (formerly Twitter) post that \u201c year-end profit taking and tax loss harvesting\u201d will prevail in the short term.\u00a0<\/p>\n
However, a crash is unlikely because several analysts expect the United States Securities and Exchange Commission to approve one or more spot Bitcoin exchange-traded fund applications in January. If that happens, it could prove to be a game-changer for the sector.<\/p>\n