Bitcoin retreats below $90,000 amid liquidity concerns

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Here's the latest news I'm tracking today.

 📈 Stocks / Finance

Google's search dominance dips below 90% for the first time since 2015

Google’s global search market share fell below 90% for three consecutive months in late 2024, dropping as low as 89.34% in October. A sharp decline in Asia contributed to this shift, with U.S. share also falling to 87.39% in December. Bing, Yandex, and Yahoo gained marginally.

Dow rises as energy outperforms and tech lags

The Dow rose 0.7%, driven by UnitedHealth and Caterpillar, while tech-heavy Nasdaq fell 0.4%, hurt by Nvidia and quantum computing stocks like D-Wave (-30%) after critical comments by Meta's CEO. Bill Ackman's bid for Howard Hughes (+9%) fueled gains, though broader market sentiment remained mixed.

Gold's rally stalls amid mixed signals

Gold prices saw modest gains on Tuesday as falling US bond yields supported the metal, but hawkish Federal Reserve expectations and a strong USD capped momentum. Resistance is seen at $2,690, with key support at $2,656. Investors await US PPI data and inflation reports for further direction.

🪙 Crypto

Bitcoin retreats below $90,000 amid liquidity concerns

Bitcoin briefly dropped below $90,000, down 9% over the week as investors exited risk assets like crypto and tech. Stronger U.S. payrolls and dollar gains pressured the market. Experts warn Q1 2025 could see increased volatility, despite Bitcoin's 120% surge in 2024.

🌎 Global Economy

Asia-Pacific markets climb amid Wall Street rotation from tech stocks

Asian markets saw gains, led by Hong Kong’s Hang Seng (+1.8%) and China’s CSI 300 (+2.13%), while Japan’s Nikkei fell 1.83%. U.S. investors shifted to nontech stocks, pushing the Dow up 0.86%. India’s inflation data (5.22%) hints at rate cuts, and Thailand’s confidence index is awaited.

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