Breaking! US stocks pre-market crypto stocks collectively plunged, MicroStrategy leading the decline by nearly 1%, will Bitcoin crash tonight?
Just received data, US stocks pre-market crypto concept stocks collectively turned red, although the decline is not large, the trend is worth noting.
MicroStrategy down 0.85%
Coinbase down 0.24%
Marathon down 0.37%
Riot down 0.22%
Other stocks like Circle, BitMine, etc. also generally fell by 0.3%-0.5%.
Brother Niu highlights key points for everyone, observing connectivity: Crypto concept stocks have always been a thermometer for sentiment in the crypto circle. The collective weakness before the market reflects that US stock investors are cautiously optimistic about the crypto sector in the short term, which may indirectly affect the risk appetite in the cryptocurrency market tonight.
Interpretation of key targets, MicroStrategy as a major holder of Bitcoin, its trend is highly correlated with Bitcoin prices. Its leading decline often indicates that some funds are taking profits or hedging.
Coinbase, as the leading exchange, its volatility directly reflects market expectations for trading activity.
Insights for tonight, although the pre-market decline is small, we need to be wary of whether this cautious sentiment will be amplified after the US stock market opens. If US tech stocks are under pressure tonight, the cryptocurrency market may also face selling pressure simultaneously. However, the current decline is limited, and there is no need for excessive panic; it is more of the market's wait-and-see posture before key data. #加密市场观察
