On December 19, Bitcoin once fell below the $96,000 mark, with a low of $95,700 per coin. As of press time, the latest price was $97,540 per coin. Bitcoin fell from a high of $108,000 per coin, and fell by more than $10,000 per coin in two days.
Except for Bitcoin, all other cryptocurrencies fell sharply. Dogecoin fell more than 11% in one day.
According to Coinglass statistics, in the past 24 hours, more than 300,000 people around the world had their positions liquidated, with the total amount of liquidations exceeding US$1 billion.
On the news front, Fed Chairman Powell made it clear at a press conference after the monetary policy meeting that the Fed has no intention of participating in any government plan to hoard Bitcoin. He stressed that such issues fall within the scope of Congress's responsibilities, and the Fed is not seeking to change existing laws to allow the holding of Bitcoin. Powell's remarks immediately triggered market shocks, and Bitcoin prices quickly pulled back from their highs at the beginning of the week.
As for the U.S. stock market, the three major U.S. stock indexes closed with mixed gains and losses last night, with the Nasdaq down 0.1%, the S&P 500 down 0.09%, and the Dow up 0.04%. Among them, the Dow ended its 10-day losing streak.
Most of the 11 S&P sectors closed lower. The real estate sector fell 1.69%, the raw materials sector fell 1.07%, the energy sector fell 0.99%, the consumer staples sector fell 0.74%, and the healthcare sector fell 0.73%.
Large technology stocks were mixed, with Apple up 0.70% and Nvidia up 1.37%.
Popular Chinese stocks rose and fell, with the Nasdaq China Golden Dragon Index falling 0.06%. Baidu and Fangdd fell more than 3%, Douyu fell more than 2%; Li Auto and New Oriental rose more than 2%.
According to CME's "Fed Watch": the probability of the Fed keeping interest rates unchanged in January next year is 91.4%, and the probability of a 25 basis point rate cut is 8.6%. The probability of keeping the current interest rate unchanged by March next year is 53%, the probability of a cumulative 25 basis point rate cut is 43.4%, and the probability of a cumulative 50 basis point rate cut is 3.6%.
Affected by the hawkish interest rate cut by the Federal Reserve, the precious metals sector fell sharply. International spot gold fell below the $2,600/ounce mark, and international spot silver also fell below the $29/ounce mark.
Major European stock indices closed lower, with Germany's DAX30 index down 1.39%, Britain's FTSE 100 index down 1.17%, France's CAC40 index down 1.22%, and Europe's Stoxx 50 index down 1.58%.
The Bank of Japan continued to postpone the interest rate hike in December. Bank of Japan Governor Kazuo Ueda said that there is still a high degree of uncertainty in the economy and inflation, and he is concerned about the "Spring Fight" next year and the impact of Trump. The yen plummeted in the short term, and the USD/JPY rose above the 157 mark. #加密市场回调
