According to BlockBeats, on December 27, as monitored by 4E, US stocks fluctuated in thin trading after the Christmas holiday. Initial jobless claims showed mixed results, failing to change the market's bets on the Federal Reserve's policy outlook. Among the three major indices, only the Dow increased, while the S&P and Nasdaq slightly declined. Among large tech stocks, only Apple rose, while cryptocurrency-related stocks generally fell, with MSTR down 4.78% and Coinbase down 1.86%. Battery and electronic device energy management company KULR stated that it has purchased $21 million worth of Bitcoin and plans to allocate 90% of its cash to Bitcoin, causing its stock price to surge over 40%, attracting attention.
The cryptocurrency market is experiencing a widespread decline. MicroStrategy announced plans to split and issue more stock to purchase Bitcoin, which has generated expectations in the market, pushing Bitcoin to approach the $100,000 mark early yesterday morning, reaching a high of $99,963, and then declining, currently fluctuating narrowly above $96,000, with altcoins also showing a downward trend driven by Bitcoin. On Thursday, Bitcoin spot ETF saw a net inflow of $419 million, reversing a trend of four consecutive days of net outflows.
In the forex commodities sector, the US Dollar Index is basically flat, and the settlement price of international crude oil futures has slightly declined. The escalation of tensions between Russia and Ukraine has triggered safe-haven demand, pushing spot gold to rise more than 0.8%, approaching $2,640.
Currently, the global financial market is in a period of low trading activity for the year, as many people in Europe and the United States are enjoying year-end holidays, and institutions are not very active in trading, with the market being more driven by retail investors. Today, the cryptocurrency market will see the largest amount of open contracts expire in history, which may intensify market volatility. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and foreign exchange, and has recently launched a USDT stablecoin financial product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to be aware of market volatility risks and to allocate assets reasonably.
