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4E: U.S. stocks collectively fell before the non-farm payroll report, while the crypto market reached new highs, with altcoins performing strongly

ChainCatcher news, according to 4E monitoring, U.S. stocks fell into anxiety before the non-farm data release on Thursday, with the market cooling off at high levels, and all three major indices closed lower. The Dow Jones fell by 0.55%, the Nasdaq fell by 0.18%, and the S&P 500 index fell by 0.19%. Most large tech stocks rose, with Tesla up over 3%, reaching a two-year high.The cryptocurrency market reached a historic high after Trump announced the nomination of a crypto supporter as the chairman of the U.S. SEC, leading to a significant market surge. Bitcoin's price broke through the milestone of $100,000, peaking around $105,000, then pulled back sharply, crashing over 8% this morning, briefly touching $90,500 before quickly rebounding. As of the time of writing, Bitcoin is quoted at $98,240. The Bitcoin flash crash did not affect altcoins, which generally performed strongly, indicating market confidence in altcoins.In the forex commodities sector, the number of initial jobless claims in the U.S. last week exceeded expectations, and the "non-farm eve" dollar index fell about 0.6%, showing a volatile downward trend throughout the day, with most non-U.S. currencies rising. OPEC+’s decision to delay the production increase plan until April next year was in line with expectations, leading to profit-taking sell-offs, and international oil prices ultimately fell by over 0.30%. Gold prices dropped on Thursday as U.S. Treasury yields strengthened after the weekly jobless claims data was released, with spot gold dipping nearly 1% at its lowest.On Thursday, economic data showed that the U.S. labor market continues to cool steadily, with the market focusing on Friday's non-farm employment data to understand the Fed's stance on interest rate cuts. Currently, the FedWatch tool shows that the market expects a 70.1% probability of a rate cut by the Fed this month. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, gold commodities, and forex, recently launching a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.

4E: Bitcoin's bullish sentiment in December is strong, and this week's "non-farm payrolls + Powell" will set the tone for year-end interest rate cuts

ChainCatcher news, the rise of the "Trump trade" in November has become a dominant factor driving global market trends. According to 4E monitoring, last week all three major U.S. stock indices rose, with weekly gains exceeding 1%. In November, the Dow Jones increased by 7.5% and the S&P rose by 5.7%, both marking the largest single-month gains of the year, while the Nasdaq accumulated over 6%. Large tech stocks saw widespread gains, with Tesla rising over 38% in November, achieving its best performance in nearly two years, and Nvidia accumulating a 179.23% increase this year. So far this year, the S&P 500 index has risen over 27%, compared to a 24% increase last year, leading to differing views on the outlook for U.S. stocks.The cryptocurrency market performed impressively in November, attracting widespread global attention. Bitcoin's monthly increase exceeded 37%, while Ethereum's rise reached 54%. Altcoins experienced significant gains at the end of the month, with market share continuously expanding; Bitcoin's market share has dropped by 8.15% from the peak of this bull market (61.78% on November 21), while the total market capitalization of altcoins rose nearly 70% in November. Historical data shows that Bitcoin has a significant average increase in December during the second half of the year, combined with the fact that most of Trump's cabinet are cryptocurrency investors, leading to strong bullish sentiment in the market.In the foreign exchange market, the dollar fell by 1.67% last week, ending an eight-week streak of gains, with a cumulative increase of 1.72% in November. The "Trump trade" boosted the dollar in November, hindering gold's upward momentum and triggering a sell-off after the election; spot gold fell about 3.7% in November, marking the largest monthly decline since September of last year. Oil prices continued to decline last week, with a weekly drop of over 3%.In recent weeks, investors have focused on Trump's various economic policies, but at the same time, the expectations for interest rate cuts by the Federal Reserve have also become quite nuanced. While the market expects an increased probability of a rate cut in December, the space for cuts in 2025 is continuously decreasing. The "near increase, far decrease" phenomenon largely reflects anxiety about the resurgence of inflation under a future Trump administration. This Thursday's speech by Powell and Friday's non-farm payroll data will largely set the tone for year-end rate cuts.eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, precious metals, and foreign exchange. Recently, it launched a USDT stablecoin wealth management product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.

MARA: Controlling key resources such as Bitcoin block space and hash rate could have profound implications for the financial sovereignty of the United States

ChainCatcher news, Bitcoin-listed mining company MARA stated that controlling key resources such as Bitcoin's block space and hash rate (the pillars of the network) could have profound implications for America's financial sovereignty and its ability to maintain global influence in the digital age. It called on the U.S. government to take decisive action to address the challenges posed by Bitcoin and seize opportunities, while implementing the following strategic measures:Create a U.S. Bitcoin Strategic Reserve. The U.S. should acquire Bitcoin as a strategic reserve asset. By holding Bitcoin, similar to the U.S. being a major holder of gold, America will ensure its transactional capability when confidence in the dollar weakens globally;Invest in domestic Bitcoin mining. The U.S. should prioritize expanding its domestic Bitcoin mining operations to increase its share of global hash power. By controlling a larger portion of global hash power, the U.S. can ensure secure access to block space and protect its economic sovereignty;Develop mining technology to promote self-sufficiency. Encourage domestic production of mining hardware (ASIC chips) to reduce reliance on foreign suppliers. This will ensure that the U.S. does not depend on critical infrastructure from hostile nations, thereby enhancing technological self-sufficiency and strengthening national security;Implement supportive policy regulations. Establish clear and comprehensive regulations to provide legal clarity for Bitcoin miners and investors. Offering incentives, such as tax breaks for incorporating renewable energy into mining operations, will further stimulate industry growth, technological advancement, and job creation;Lead global Bitcoin standards. The U.S. should take a leadership role in establishing global standards for decentralized networks. By collaborating with allies and ensuring that Bitcoin remains a neutral, open, and secure platform, the U.S. can promote stability in global financial transactions and prevent the centralization of hash power by hostile nations;Protect national security through hash power control. As competition in Bitcoin mining intensifies, controlling a significant amount of domestic hash power will protect the U.S. from foreign interference. Ensuring a strong share of global hash power can prevent hostile nations from censoring or delaying U.S. transactions, which could have serious economic repercussions.
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