According to BlockBeats, on November 18, Federal Reserve Chairman Powell hinted at a slowdown in interest rate cuts, and market sentiment cooled. The three major U.S. stock indexes fell across the board last Friday, with the S&P 500 down 2%, the Dow down 1.24%, and the Nasdaq down 3.15%.
After Bitcoin broke through $93,000 on Wednesday to set a new record high, it is currently fluctuating around $90,799 due to the correction of the U.S. stock market, with a 7-day increase of nearly 12%. SOL has performed strongly due to the Meme coin craze.
The US dollar index rose 1.6% last week, rising for seven consecutive weeks, putting pressure on commodities. Spot gold fell 4.6%, US oil fell nearly 5%, and Brent oil fell nearly 4%. The market is concerned about inflation concerns and the Fed's hawkish outlook.
