On January 9, according to 4E monitoring, the uncertainty of the macro environment has increased and risky assets have generally been under pressure due to the Federal Reserve's sharp downward adjustment in its expectations for full-year interest rate cuts or even a halt to interest rate cuts in recent days.
On Thursday, the U.S. stock market was closed for one day in memory of the late former President Carter. The crypto market continued to decline, and the news that the U.S. Department of Justice was allowed to sell the $6.5 billion of Bitcoin seized from the dark web Silk Road exacerbated market fears. Bitcoin once plunged to $91,200 this morning, hitting a new low since December 5 last year. It is now slowly rebounding to above $93,000, and the decline in the past 24 hours has narrowed to 1.3%. After Bitcoin briefly returned to $100,000 on Tuesday, it has fallen for three consecutive days this week and is retesting the low point of the range. The market's previous psychological reliance on the "January bull market" has obviously weakened, and risk aversion has risen. Bitcoin futures open interest data shows that speculative momentum is declining, and traders choose to close their positions and wait and see due to market uncertainty.
In terms of foreign exchange, Fed officials lowered expectations for rate cuts, the US dollar index rose slightly to achieve three consecutive gains, and non-US currencies generally fell. Cold weather boosted winter fuel demand, and US oil and Brent crude rose by about 1% on Thursday. Spot gold rose by more than 0.3%, rising for two consecutive days, reaching its highest level since mid-December.
Non-farm data will be released on Friday, and the market will re-weigh the Fed's stance, and financial markets may face greater volatility.
eeee.com is a financial trading platform that supports cryptocurrencies, stock indices, bulk gold, foreign exchange and other assets. It recently launched a USDT stablecoin financial product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.

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