Bitcoin continued to rebound this morning (7), breaking through $57,000, while Ethereum continued to challenge and stabilize above $2,500. The four major U.S. stock indexes rebounded across the board.
After Bitcoin rebounded to $55,000 yesterday (6), it briefly broke through $57,000 near 2 a.m. this morning (7). Unfortunately, selling pressure emerged and the price fluctuated slightly downward. At the time of writing, it was reported at $56,277, up 0.84% in the past 24 hours.
Ethereum fluctuates in a narrow range at $2,500
Ethereum's performance is slightly weaker than that of Bitcoin. It is currently struggling to stay above $2,500. At the time of writing, it is trading at $2,459, down 3.12% in the past 24 hours.
All four major U.S. stock indexes rose
After the panic selling the day before, some investors began to buy at low prices. With the Fed officials and Wall Street speaking out to appease the market, the market's concerns about the economic recession seemed to have eased. The four major U.S. stock indexes all closed higher, ending a three-day losing streak. TSMC ADR rose 2.6% and Nvidia rose 3%.
The Dow Jones Industrial Average rose 294.39 points, or 0.76%, to 38,997.66.
The S&P 500 rose 53.70 points, or 1.04%, to 5,240.03.
The Nasdaq Composite Index rose 166.78 points, or 1.03%, to 16,366.86.
The Philadelphia Semiconductor Index rose 48.12 points, or 1.06%, to close at 4,567.57.
However, Barry Bannister, chief equity strategist at Stifel, believes that it is too early to return to the U.S. stock market and sticks to his forecast that the S&P 500 will fall to 5,000 points before October. In general, the market currently has both long and short voices on whether this wave of correction has ended. Investors are advised to pay attention to risks.
In the past 24 hours, the entire network has been liquidated with nearly 176 million US dollars
According to Coinglass data, in the past 24 hours, the total amount of cryptocurrency liquidation was approximately US$176 million, and more than 55,000 people were liquidated, which was slightly milder than yesterday's data.
