The A-share market has been very hot recently. The three major stock indexes surged at the opening. The Shanghai Composite Index and the Shenzhen Component Index both rose by more than 10%, and the ChiNext Index soared by more than 16%. All of a sudden, the stock market was booming, and many stocks in the real estate sector rose by the daily limit at the opening.
But while the A-share market is very lively here, the crypto market is much quieter there. Bitcoin used to be very close to the US stock market, but this time the three major US stock indexes continued to rise, while Bitcoin did not keep up. Since late September, the price of Bitcoin has risen for a while and then quickly fell back, and has not yet recovered to its previous price.
Some people ask, have A-shares "sucked" all the funds from the crypto market? Actually, there is no clear evidence that large-scale funds have been transferred to A-shares. Most market analysts believe that the current partial capital flow is only temporary. When the Chinese stock market stabilizes, investors will certainly re-evaluate the risks and benefits. At that time, some funds may return, bringing new vitality to Bitcoin and other crypto assets.
Although there is no good news in the crypto market, its high-risk, high-return characteristics, as well as decentralized, global investment concepts, are still very attractive to funds seeking high speculative returns. In addition, the deposit and withdrawal of the cryptocurrency market is not so convenient, and it is not so easy to withdraw funds, so funds are more inclined to flow within the crypto market or remain on the sidelines.
According to historical data, October is often a good month for Bitcoin. In the past ten years, Bitcoin has increased by an average of 22% in October. This year, the market generally expects that under the combined effect of various factors, Bitcoin should be able to continue the bullish tradition in October and start a new bull market cycle.
Therefore, the short-term attractiveness of the A-share market does not change the long-term bullish outlook of the crypto market. At this turning point in the market trend, we must seriously consider reasonable asset allocation and balance risks and returns. A one-stop comprehensive trading platform like 4E is quite good, covering assets of different risk levels such as cryptocurrencies, US stocks, indices, foreign exchange and gold, and providing more than 600 asset trading pairs. Investors can seize opportunities in the crypto market and traditional market through reasonable asset allocation.
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