Is Bitcoin suddenly "stalling" after nearing 100,000? Altcoins are caught in a winter, and global market fluctuations are intensifying!
After the Christmas holiday, the three major U.S. stock indices performed poorly, with only the Dow slightly up, while the S&P and Nasdaq were weak. Tech stocks are sluggish, dragging down crypto-related stocks as well, with MSTR plunging nearly 5% and Coinbase down over 1%. Conversely, KULR surged 40% due to the purchase of $21 million in Bitcoin, sparking market discussions.
Bitcoin attempted to break through the 100,000 mark yesterday but staged a "high-altitude dive," currently hovering around the $96,000 mark, with overall market sentiment cooling. Altcoins are suffering under Bitcoin's drag, with a chorus of declines. However, the net inflow of ETF funds totaling $419 million might signal a regrouping of bulls!
The commodities and forex markets are also unpredictable. International crude oil futures dipped slightly, while safe-haven sentiment drove gold above the key level of $2,640. Today, the crypto market is set to face the largest expiration of open contracts in history, which is bound to be a calm before the storm, or a potential explosive event?
In a thin market, changes are frequent; keeping an eye on the winds and seizing opportunities is the true posture of a winner! Follow Lao Tan to catch the next wave of financial storm!
