News center > 7*24H News > Featured > Context
4E: U.S. stocks continue to fall, and the encryption market continues to be under pressure
Editor
2024-12-31 11:32 9,084
According to news on December 31, according to 4E monitoring, U.S. stocks generally fell on Monday without obvious negative news, with all three major indexes closing down about 1%. Except for Nvidia, which bucked the trend and rose 0.35%, almost all technology giants fell. Although U.S. stocks performed poorly at the end of the year, the S&P rose by about 24% throughout the year, the Dow rose by about 13%, both the best in 2021, and the Nasdaq rose by nearly 30%, the longest consecutive quarterly rise since 2021. The crypto market continues to be under pressure. Bitcoin continued to correct after hitting a record high of $108,353 on December 17, and faced strong selling pressure again yesterday evening. The lowest reached $91,530, a new low in the past two weeks, and is far away from the highest point. It fell by more than 15%, but rose by nearly 110% for the whole year. Led by Bitcoin, altcoins have all shown a downward trend. In the second round of adjustments, the gains of many altcoins in the current market have been almost completely wiped out. When the market fell, the AI ​​concept Meme token rose against the trend and became the biggest hot spot in the market. ai16z and ELIZA set new record highs at the same time, and capital inflows were obvious. In terms of foreign exchange commodities, the U.S. dollar index continued to strengthen and rose by about 0.1%, close to a two-year high. It has risen by 6.7% this year. The euro has fallen by 5.7% against the U.S. dollar this year, and the pound has fallen by 1.2%. The oil market rose slightly, with U.S. oil back close to $71, up more than 1% during the session. Spot gold fell more than 0.5% to below $2,600, rising nearly 27% this year. Trading volume in financial markets was light at the end of the year, with a strong profit-taking atmosphere, and liquidity tended to be tight, making short-term declines the path of least resistance for the market. When large institutions rebalance their portfolios at the end of the year and the selling of risky assets comes to an end, they will start to build positions one after another at the beginning of the year. According to past history, the market price in January is more likely to rise than to fall. 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 financial product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market fluctuation risks and allocate assets reasonably.
Keywords: Bitcoin
Share to: