4E: Trading was light after the Christmas holiday. Only the Dow rose, while the encryption market fell
On December 27, according to 4E monitoring, U.S. stocks fluctuated in light trading after the return of the Christmas holiday. Due to mixed jobless claims, the market's bet on the Fed's policy outlook was not changed. Among the three major indices, only the Dow index rose, and the S & P index fell slightly. Only Apple rose in large technology stocks, while crypto concept stocks generally fell, with MSTR down 4.78%, and Coinbase down 1.86%. Battery and electronic equipment energy management company KULR said it has purchased US$21 million worth of Bitcoin and plans to allocate 90% of its cash to Bitcoin. Its share price surged more than 40%, causing concern. The crypto market generally fell. MicroStrategy announced plans to split up and issue more shares to buy Bitcoin, pushing Bitcoin to the US$100,000 barrier yesterday morning, and then down all the way. Currently, it continues to fluctuate within a narrow range above US$96,000. Altcoins are showing a downward trend driven by Bitcoin. A net inflow of Bitcoin spot ETF funds was US$419 million on Thursday, reversing a four-day net outflow. In terms of foreign exchange bulk, the US dollar index was basically flat, and the international crude oil futures settlement price closed down slightly. The intensification of tensions in Russia and Ukraine triggered safe-haven demand, pushing spot gold to rise above 0.8% and pressure to US$2640. Global financial markets are currently in a light period of the year, and the market is more driven by retail investors. The crypto market will have its largest open interest in history expiring today, potentially exacerbating market volatility. ee.com is a financial trading platform that supports cryptocurrencies, stock indices, bulk gold, foreign exchange and other assets. It recently launched the USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with potential safe-haven options. 4E reminds you to pay attention to market volatility risks and rationally allocate assets.
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