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4E: Cryptocurrency concept stocks soar before the market opens, MicroStrategy rises over 10%

According to ChainCatcher news, Trump's team is reportedly discussing the establishment of a new position in the White House specifically responsible for cryptocurrency policy. This comes on top of previous reports that the Trump Media Group is negotiating to acquire the cryptocurrency trading company Bakkt, which has led to increased optimism about the prospects of the cryptocurrency industry under the Trump administration. Cryptocurrency concept stocks surged in pre-market trading, with MicroStrategy rising over 10%. As of the time of publication, Bitcoin is priced at $97,530, approaching the highly anticipated $100,000 milestone. The rise in Bitcoin has attracted a significant amount of liquidity, while Ethereum and altcoins generally declined.U.S. stock index futures fell across the board. As of the time of publication, Dow futures were down 0.15%, Nasdaq 100 futures were down 0.40%, and S&P 500 futures were down 0.29%.On Thursday, the Hong Kong stock market closed lower, with the Hang Seng Index down 0.53%, the National Enterprises Index down 0.79%, and the Hang Seng Tech Index down 1.24%. Market sentiment was generally weak. However, as Bitcoin approached $100,000 and continued to set new highs, cryptocurrency concept stocks performed actively, with BlueFocus Interactive rising over 54%, Boyaa Interactive rising nearly 17%, and OSL Group rising nearly 2%.

Grayscale completes reverse stock split for Bitcoin Trust ETF and Ethereum Trust ETF

ChainCatcher news, according to Cointelegraph, asset management company Grayscale has completed a reverse split of its two cryptocurrency ETFs—Grayscale Bitcoin Mini Trust ETF and Grayscale Ethereum Mini Trust ETF—aimed at making trading more "cost-effective."After the reverse split conducted at 22:00 UTC on November 19, the price per share of the Grayscale Bitcoin Mini Trust ETF increased fivefold. At the same time, the number of outstanding shares held by ETF holders was proportionally reduced. Due to the reverse split of the Ethereum Mini Trust ETF, the price per share of the trust increased tenfold from its net asset value (NAV) before the split. The number of shares held by shareholders (excluding fractional shares) must also be proportionally reduced. After the reverse split on November 19, shareholders will see its effects on the next trading day, November 20.For the Grayscale Bitcoin Mini Trust ETF, every five shares of the ETF before the split will convert into one share of BTC after the split, with a price that will be five times the NAV per share before the split. For the Grayscale Ethereum Mini Trust ETF, every ten shares of ETH before the split will convert into one share of ETH after the split, with a price that will be ten times the NAV per share before the split. Grayscale stated that since the split will occur automatically, shareholders do not need to take any action.

4E: Tensions escalate between Russia and Ukraine, U.S. stocks fluctuate, Bitcoin hits a new high

ChainCatcher news, on Tuesday the market's attention was focused on the Russia-Ukraine situation. On the 1000th day of the Russia-Ukraine conflict, Russia's new policy has lowered the threshold for using nuclear weapons, causing global financial markets to be on edge, although the overall reaction has been relatively limited.According to 4E monitoring, U.S. stocks experienced a rollercoaster ride, initially declining due to heightened tensions in the Russia-Ukraine situation as investors panicked and turned to safe-haven assets. U.S. stocks collectively fell, but later, as the U.S. responded that there was no reason to adjust its nuclear posture or strategy, the market shook off concerns about nuclear war escalation. Ultimately, only the Dow Jones fell, while the S&P 500 rose slightly, and the Nasdaq gained 1%, with most large tech stocks rising, led by Nvidia with an increase of nearly 5%.The U.S. is embracing cryptocurrency more closely, as pro-crypto candidates are set to lead the U.S. Department of Commerce, ETF options are being listed, and the Trump Media Group is in deep negotiations to acquire the cryptocurrency platform Bakkt. Bitcoin reached a new high, peaking at $93,905, before slightly retreating to $91,900 at the time of writing. The rise in Bitcoin attracted a significant amount of liquidity, while altcoins generally fell.In the forex commodities sector, the U.S. dollar index rose on Tuesday, initially boosted by geopolitical tensions, with safe-haven currencies like the dollar, Swiss franc, and yen gaining traction. However, this boost weakened after comments from Russian and U.S. officials. Spot gold rose nearly 2%, continuing the upward trend from the previous trading day, marking the third consecutive day of gains. Geopolitical tensions supported oil prices, which saw a slight increase on Tuesday.The current market is focused on Nvidia's earnings report on Wednesday. With Nvidia's market capitalization having grown to approximately $3.5 trillion, the expected volatility in its market cap post-earnings is close to the largest ever and will impact U.S. stocks. Additionally, this week investors are also closely watching the cabinet nominations of the Trump administration. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, gold commodities, and forex, recently launching a USDT stablecoin financial product with an annualized return of 5.5%, providing investors with potential safe-haven options. 4E reminds you to be aware of market volatility risks and to allocate assets reasonably.

4E: Powell suppresses interest rate cut expectations, U.S. stocks hit the largest weekly decline in two months, market sentiment declines

ChainCatcher news: After a strong surge following the election, market sentiment has somewhat cooled last week. Federal Reserve Chairman Powell seems intent on slowing down interest rate cuts, which has dampened the excitement generated by the "Trump trade."According to 4E monitoring, the three major U.S. stock indexes continued to weaken after reaching new highs on Monday. On Friday, a significant cut in interest rate expectations put pressure on the stock market, causing it to decline across the board. The S&P 500 index fell 2% over the past five trading days, erasing half of its gains since the election. The Dow Jones Industrial Average dropped 1.24% this week, while the Nasdaq Composite fell 3.15%, marking its largest weekly decline since September.Bitcoin, after breaking through $93,000 on Wednesday to set a new all-time high, began to consolidate amid the pullback in U.S. stocks but showed resilience. It is currently trading in a narrow range around the $90,000 mark. As of the time of writing, Bitcoin is priced at $90,799, with a 7-day increase of nearly 12%. Other altcoins followed Bitcoin's fluctuations, with SOL benefiting from the MEME frenzy, demonstrating strong rebound and upward momentum.In the commodities market, the cooling of interest rate cut expectations from the Federal Reserve has led to a continued strengthening of the dollar, reaching its highest level in over a year. The dollar index rose 1.6% last week and has increased for seven consecutive weeks. The strong dollar continues to pressure commodities, with spot gold falling about 4.6% last week, marking its largest weekly decline in three years, and retreating nearly 9.3% from its historical high. U.S. oil fell nearly 5%, while Brent crude dropped nearly 4%.Current market focus is on inflation concerns following the Trump administration's rise and the Federal Reserve's more hawkish outlook. Powell's speech on Thursday essentially indicated that Fed officials do not need to rush into rate cuts, leading traders to significantly reduce their rate cut expectations. The retreat in sentiment and uncertainty in monetary policy have increased upward resistance in the market. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and foreign exchange. 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 be aware of market volatility risks and to allocate assets wisely.
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