The clouds over the US stock market linger, is it the eve of Bitcoin's surge? The crypto market is buzzing again!
Last week, the US stock market fell for five consecutive days, although there was a strong rebound at the end of Friday, the S&P 500 fell 0.48% for the week, the Dow Jones dropped 0.60%, and the Nasdaq declined 0.51%, indicating a slight fatigue among bulls. However, the crypto market turned the tide, with Bitcoin leading the way, making a strong push towards the '100,000 USD milestone'!
Bitcoin rebounded from the bottom, gathering momentum!
BTC once dropped to 91,530 USD, and then quickly bounced back like a spring, rebounding over 8% from last month's low, currently consolidating around 99,000 USD, with bullish sentiment soaring! Ethereum is also not to be outdone, rising 18% in the past two weeks, now priced at 3,668 USD. Additionally, a number of altcoins have risen alongside, igniting short-term market enthusiasm! However, popular AI Agent concept coins are experiencing significant adjustments after consecutive surges, and it is worth paying attention to the pace.
Traditional Market: Is the dollar peaking? Gold and oil prices continue to rise!
The US dollar index rose 0.7% last week, but fell 0.4% on Friday, retreating from a two-year high. Gold maintained its safe-haven properties, rising nearly 1% last week, but caution is needed against the short-term pressure from a strengthening dollar. Oil prices surged strongly, with Brent crude up 3% and US crude rising nearly 5%, as the market holds an optimistic outlook on demand prospects.
Highlights of the week: FOMC minutes + Non-Farm Payroll report are coming!
The Fed's hawkish stance in the December dot plot still leaves the market uneasy, and this week's FOMC meeting minutes will reveal more signals regarding economic slowdown and policy expectations. Coupled with Friday's December Non-Farm Payroll report, it is bound to trigger waves of volatility.
4E Platform: Providing investors with robust hedging tools!
As a platform supporting multi-asset trading, 4E has launched a USDT wealth management product with an annualized return of 5.5%, providing investors with hedging options while reminding you to pay attention to market risks, rationally allocate assets, and seek stable victories!
The market is brewing with undercurrents, is Bitcoin aiming for 100,000 or is it a smokescreen? Brother Jiang is here to help you seize every opportunity, remember to follow along!
