According to ChainCatcher, Iran launched a missile attack on Israel on Tuesday local time, which once again escalated tensions in the Middle East and triggered cautious sentiment in global markets, with U.S. stocks and crypto markets falling.
The three major U.S. stock indexes closed down collectively, with the Dow Jones Industrial Average down 0.41%, the S&P 500 down 0.93%, and the Nasdaq down 1.53%. Technology stocks became the worst performing sector; the crypto market fell sharply, Bitcoin almost fell below $60,000, and is now quoted at $61,523, with a 24-hour drop of 2.75%, and Ethereum fell 5.11%. Market sentiment returned to panic. Data shows that Bitcoin fell by about 4% in the first two days of October, in sharp contrast to the average increase of 20% in October throughout history; in terms of bulk commodities, safe-haven assets such as gold are favored, and the December gold futures price on the New York Stock Exchange rose by 1.16%. Market concerns about crude oil supply have intensified, and international crude oil prices have risen by more than 4% at one point.
The escalation of tensions in the Middle East has led to a rapid rise in market panic, risk assets have been sold off, and market volatility has increased. eeee.com is a financial trading platform that supports cryptocurrencies, stock indexes, bulk gold, foreign exchange and other assets. It recently launched a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.
