Odaily星球日报
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If this continues, no one will be trading cryptocurrencies anymore.
Last night, the Federal Reserve finally cut interest rates by 25 basis points as expected. More importantly, it announced that it will end the balance sheet reduction on December 1.
Once the news broke, the crypto market did not rise as expected; instead, it experienced a slight decline. (Supplementary reading (BTC drops below 11 million: Where did the market's confidence go?))
In contrast, the U.S. stock market experienced a sharp rise, with Nvidia's market value, which had just boosted investor confidence at the GTC Autumn Conference, surpassing $5 trillion, setting a global historical record. Given the previous news that 'the Shanghai Composite Index has returned to 4000 points after 10 years', it's no wonder some people exclaimed, 'Brothers, we can't hold on anymore. Let's go play in the U.S. stock market, Hong Kong stocks, and A-shares.'
Once the news broke, the crypto market did not rise as expected; instead, it experienced a slight decline. (Supplementary reading (BTC drops below 11 million: Where did the market's confidence go?))
In contrast, the U.S. stock market experienced a sharp rise, with Nvidia's market value, which had just boosted investor confidence at the GTC Autumn Conference, surpassing $5 trillion, setting a global historical record. Given the previous news that 'the Shanghai Composite Index has returned to 4000 points after 10 years', it's no wonder some people exclaimed, 'Brothers, we can't hold on anymore. Let's go play in the U.S. stock market, Hong Kong stocks, and A-shares.'
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