In recent days, has everyone been attracted by the A-share market again? The A-share market has risen sharply, and the crypto market has experienced sideways fluctuations. What do you think will happen to the crypto market next? ?
These two days, I have been watching the news of A-shares. Today, a new record was set. The three major A-share indexes rose strongly. As of the close, the Shanghai Composite Index rose 8.06%, the Shenzhen Component Index rose 10.67%, the ChiNext Index rose 15.36%, and the Beijing Stock Exchange 50 Index rose 22.84%. The turnover of the three markets of Shanghai, Shenzhen and Beijing was 2611.5 billion yuan, an increase of 1155.9 billion yuan from the previous day. More than 5,336 stocks rose in the two markets, and only eight ST stocks fell.
But I need to remind you that you can take a look at the net inflow of funds in the market! !
Especially the ChiNext, the market index actually reached the daily limit, and it was not just one day. Many stocks reached the daily limit of 30% in one day. If they were to reach the daily limit for three consecutive days, they would have doubled. It is much more exciting than buying Bitcoin and Ethereum! Is there no risk in such a rise?
It is very difficult for mainstream coins to increase by 30% now! If the stock market continues like this, people in the cryptocurrency circle will be depressed.
Although the Chinese stock market has little to do with the cryptocurrency world, global funds are now watching the Chinese stock market!
According to market data, the exchange rate of USD to RMB is 7.0125, and the USDT over-the-counter price is temporarily reported at 6.945. The current USDT negative premium rate is 0.96%.
The last round of bull market was so spectacular
At that time, the cryptocurrency market, US stocks, A-shares, and Hong Kong stocks all started to rise together as if they had discussed it in advance. Now A-shares are rising like crazy, and are heading towards a wonderful picture of a bull market. After the Fed's move, the cryptocurrency market has been optimistic. But today's market has pulled back across the board. I personally think that the A-share market has been a little blood-sucking in the past two days. However, with the further release of liquidity, crypto assets are still a favorite target for many people!
Everyone must pay attention to two key macroeconomic events this week: Federal Reserve Chairman Powell’s speech to the National Association for Business Economics on Monday, and the U.S. non-farm payrolls report released on Friday.
At 01:55 a.m. Beijing time on Tuesday, Federal Reserve Chairman Powell will deliver a speech at the National Association for Business Economics. In this uncertain period full of "noise", Powell may indicate the future policy direction of the Federal Reserve - how will the "timely rain" of interest rate cuts continue to unfold?
Finally, everyone can pay attention to the fact that there will be 3.42 billion US dollars of tokens unlocked in October. Will there be a cliff drop in the amount of 1.12 billion US dollars???
Major projects such as Sui, Apt, and Celestia have issued a large number of tokens. They are as follows:
On October 1, Sui will unlock 64.19 million tokens, worth about $106 million, or 2.40% of its circulating supply.
On October 4, IMX will unlock 32.47 million tokens, worth approximately $59.1 million, accounting for 2.02% of its circulation.
On October 11, apt will unlock 11.31 million tokens, worth about $96.25 million, accounting for 2.25% of its circulation.
On October 16, ARB will unlock 92.65 million tokens, worth approximately $61.9 million, accounting for 2.56% of its circulation.
On October 30, Celestia will unlock 175.56 million TIA tokens, worth $1.12 billion.
In addition to these major unlocks, the market will also see cliff token unlocks from other projects in October, including STRK, ZETA, and APE.