Bitcoin is trading on ETF news, but analysts caution on macro headwinds 

As stocks trended down on the first trading day of 2024, analysts speculate about what the rest of the month will look like for equities markets and crypto prices. 

The S&P 500 and Nasdaq Composite indexes dipped Tuesday, losing 0.7% and 1.9%, respectively, toward the end of the trading session. While the Dow Jones Industrial Average managed to stay relatively flat, the Russell 200 slipped 0.7%. 

The decline doesn’t bode well for the sky-high prices analysts expected.

Goldman Sachs last month increased its S&P 500 target by 8% to 5,100 by the end of 2024, citing Federal Reserve rate cuts and declining inflation as key tailwinds. Strategists surveyed by Bloomberg reported a slightly…

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