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4E: The three major U.S. stock indices all fell, the cryptocurrency market experienced increased volatility, and the market is awaiting tonight's CPI data

ChainCatcher news reports that, according to 4E monitoring, on the eve of the release of U.S. CPI data, U.S. stocks collectively retreated with all three major indices declining. The S&P 500 index closed down 0.30%, the Dow Jones down 0.35% for the fourth consecutive trading day, and the Nasdaq, after hitting an intraday all-time high, ultimately closed down 0.25%. Large tech stocks had mixed performances, with Tesla rising 2.87% to set a new three-year high, and Google A rising 5.59%, marking the largest single-day gain since April. In the cryptocurrency sector, MicroStrategy rose 3.3% amid market speculation that it might be included in the Nasdaq 100 index, while Coinbase fell 2.61%.The cryptocurrency market experienced a sharp correction, influenced by Google's launch of its latest quantum chip, Willow, which sparked discussions in the crypto community about quantum computing attacks. Bitcoin dropped from around $100,000, nearing the $94,000 mark at one point, while altcoins generally fell by about 20%, marking the largest declines in the recent market. As of the time of writing, Bitcoin hovered around $97,000.In the forex commodities sector, the U.S. dollar index rose to a one-week high, marking its third consecutive day of gains; geopolitical risk aversion and market bets on a Federal Reserve rate cut next week boosted gold prices, with spot gold rising over 1% to test $2,700; the easing of the situation in Syria and potential stimulus measures from major emerging markets supported market confidence, stabilizing oil prices.The current market is focused on the U.S. November CPI data to be released tonight at 21:30, which will significantly influence the Federal Reserve's interest rate path during its meeting on December 17-18. CME's FedWatch tool shows that traders believe there is an 86% chance of a rate cut next week. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities like gold, and forex, recently launching a USDT stablecoin financial product with an annualized yield of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.
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