Track real-time hotspots in the currency circle, seize the best trading opportunities, today is Wednesday, January 8, 2025, I am Daffy! Good morning, coin friends ☀ hardcore fan check-in 👍 like and get rich 🍗🍗🌹🌹
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Overnight, the three major U.S. stock indexes closed down on Tuesday, with the Dow Jones initially falling by 0.4%, the S&P 500 falling by 1.1%, and the Nasdaq falling by 1.89%. Nvidia (NVDA.O) opened at a new high before falling by 6.2%, Tesla fell by 4%, and Apple (AAPL.O) fell by 1%. The overnight and early morning plunge in Bitcoin prices in the cryptocurrency market yesterday was all due to the impact of strong economic data released by the U.S., which seriously suppressed the market's expectations of a Fed rate cut in 2025.
In addition, the resignation of the head of the U.S. CFTC on January 20, and his warning that the regulation of cryptocurrencies is not sufficient, led to a unilateral decline in Bitcoin and Ethereum, and also caused the three major U.S. stock indexes to continue to decline. The strong economic data released by the U.S. also brought about many expectations for the non-farm payroll data to be released by the U.S. on the 10th. In fact, the significant decline at this moment can also be interpreted as a deep sell-off by whales and institutions based on the news, perhaps offering a good opportunity for re-entry at this moment.
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Bitcoin started to shake back and forth near the high of 10.27w yesterday, and began to break through and explore in the evening. The market has basically been shaking during the day and starting to move at night in the past few days. The overall day market is still relatively sluggish, but the market is still very active at night.
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It came near 96100 in the early morning, and the overall retracement is close to 7000 points. It's really just as it goes up and down. From the current trend, the day market has basically been in a shaking state in the past few days.
