The US stock market weakened again today, with the entire market continuing its downward trend. The Dow Jones Industrial Average led the decline, falling by 1%, and both the technology and financial sectors couldn't withstand the pressure. This kind of market condition is indeed worth paying attention to—changes in the traditional financial market's sentiment often spill over into digital assets. When stock market sentiment cools down, capital flows tend to reassess the allocation of risk assets, including the holding logic of cryptocurrencies. In the short term, this macro risk sentiment may continue to ferment, and traders need to keep an eye on the subsequent performance of the US stock market, especially whether it will further deepen its correction.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)