ChainCatcher news, QCP Capital stated that the Chinese stock market continued to decline today, with the China A50 index dropping another 7%, down 17% from recent highs. The lack of fiscal stimulus has severely impacted investor sentiment. However, the U.S. stock market has not been affected by developments in Asia. Despite uncertainties surrounding the U.S. elections and the exclusion of interest rate cuts in 2024 following the non-farm payroll report, the U.S. stock market continues to rise to new highs. The bond market currently expects two rate cuts in 2024, down from three just a week ago.Despite the escalating turmoil in the Middle East and domestic challenges related to the U.S. elections, the U.S. stock market continues to steadily climb, reaffirming the view that risk assets are poised for a rebound. In the cryptocurrency market, the Meme coin sector has surged with increased on-chain and off-chain trading activity. Traders are heavily speculating and leveraging the latest popular Meme coins, leading to some bubbles in the market.In the past two weeks, the perpetual contract funding rates on exchanges like Deribit and Binance have also risen, indicating that short positions are decreasing or long positions are increasing. This, along with the bubble in the Meme coin market, keeps it vigilant for potential downturns, as such situations often occur when the market is bullish and investors are least guarded. Even in the face of short-term uncertainties and declines, we still plan to continue accumulating, with a bullish mid-term outlook.

ChainCatcher news, on Tuesday local time, Iran launched a missile attack on Israel, escalating tensions in the Middle East once again and triggering cautious sentiment in global markets, with U.S. stocks and the crypto market responding with declines.All three major U.S. stock indices closed lower, with the Dow down 0.41%, the S&P 500 down 0.93%, and the Nasdaq down 1.53%, making technology stocks the worst-performing sector; the crypto market saw a significant drop, with Bitcoin nearly falling below $60,000, currently quoted at $61,523, down 2.75% in 24 hours, and Ethereum down 5.11%, as market sentiment returned to panic. Data shows that Bitcoin fell about 4% in the first two days of October, in stark contrast to the historical average increase of 20% for the entire month of October; in commodities, the safe-haven asset gold was favored, with December gold futures on the NYSE rising 1.16%, and concerns over crude oil supply intensified, causing international crude oil prices to rise more than 4% at one point.The escalation of tensions in the Middle East has led to a rapid increase in market panic, resulting in a sell-off of risk assets and increased market volatility. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodity gold, and foreign exchange, recently launching 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 wisely.

ChainCatcher message, data statistics, Bitcoin's current trading time has exceeded 123,000 hours, surpassing the trading hours of the U.S. stock market.Since August 15, 1971, when President Nixon decoupled the dollar from gold to address high inflation in the U.S. economy, and canceled the international convertibility of the dollar into gold, the trading hours of the U.S. stock market have exceeded 100,700 hours. Bitcoin, launched in 2009, has officially surpassed the U.S. stock market in trading hours, exceeding the public stock trading hours of the fully fiat currency era by nearly 25%.

ChainCatcher news, according to Cointelegraph, the stock prices of the "Big Seven" in the U.S. have significantly dropped, which may bring greater downward pressure on Bitcoin prices. The "Big Seven" refers to several high-performing tech stocks, including Nvidia and Microsoft. On August 5, during regular trading, these stocks collectively lost over $650 billion in market value.Cryptocurrency insiders believe that the renewed decline of leading tech stocks could lead to a drop in Bitcoin prices, as there is documented correlation between stock market performance and cryptocurrency value; as major tech stocks decline, investor sentiment typically shifts towards alternative assets, including Bitcoin.

ChainCatcher news, according to Jinshi reports, the blockchain sector of the US stock market has plummeted, with MicroStrategy (MSTR.O) down over 23%, Canaan Technology (CAN.O) down over 21%, Coinbase (COIN.O) down over 18%, and Riot Platforms (RIOT.O) down over 11%.

ChainCatcher news, according to Jinshi reports, the Nasdaq 100 index fell 2.9% on Wednesday, marking the largest single-day decline since December 2022.All of the "Seven Giants," which are weighted stocks, declined, with Nvidia (NVDA.O) leading the drop, falling over 6.6%, and Apple (AAPL.O) down 2.5%. The total market value of the "Seven Giants" evaporated by approximately $580 billion (about 4.21 trillion yuan) in a single day.Goldman Sachs' trading department stated that the S&P 500 index now has only one way to go, which is down, and there will be no buying on dips.

ChainCatcher news, according to Jinshi reports, after the positive U.S. CPI data, traders chose to withdraw from the recently strong-performing tech giants. The heavyweight stock Nvidia fell by 5.57%, Tesla dropped by 8.44%, Meta declined by over 4%, and Apple, Microsoft, Google, and Amazon each fell by more than 2%. In contrast, the Russell 2000 index, which is mainly composed of small-cap stocks, rose by over 3.5%. The total market value of the "Big Seven" tech companies in the U.S. stock market evaporated by nearly $600 billion (approximately 4.35 trillion yuan) in a single day, equivalent to losing one JPMorgan Chase (market value $595.46 billion).

ChainCatcher news, according to CoinDesk, LMAX Group strategist Joel Kruger stated in today's market update that if the poor performance of the U.S. stock market evolves into a broader correction, cryptocurrencies may decline further.The analyst said: "At the moment, we believe the biggest risk facing crypto assets is that the U.S. stock market is severely overbought and may be on the verge of a crash. This correlation is by no means absolute, but there is evidence that a significant pullback in the stock market could put pressure on crypto assets, at least temporarily."Data shows that during the New York midday, the Nasdaq index fell by 1.8%, and the S&P 500 index dropped by 0.9%. Bitcoin, which earlier rose above $59,000 due to U.S. inflation news, is now down 0.6% to around $57,500.

ChainCatcher news, data from K33 Research shows that bullish offshore traders' current Bitcoin positions are in a loss state over the past two weeks, putting the market at risk of a potential short squeeze.Analysts point out that after the record 19-day net inflow for the U.S. spot Bitcoin ETF came to an end, the correlation between Bitcoin and the U.S. stock market has reached its highest level in 18 months, with the 30-day correlation coefficient between Bitcoin and the Nasdaq rising to 0.64 for the first time since 2022 last week.

ChainCatcher news, according to Cointelegraph, QCP Capital believes that Bitcoin bulls need not worry about the upward trend in BTC prices. The institution emphasized the so-called "three bullish reasons" to maintain confidence in Bitcoin's future robustness, which are:The strong performance of the U.S. stock market's impact on cryptocurrencies;Political support from U.S. presidential candidates;The upcoming adoption of a spot ETH exchange-traded fund (ETF).

ChainCatcher message, the cryptocurrency sector MicroStrategy increased by 6.02%, Riot Platform increased by 3.68%, Coinbase increased by 4.26%.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, Grayscale (GBTC) has seen inflows for two consecutive days, and this is also the second consecutive trading day without outflows for spot ETFs.On May 6, the overall net inflow of funds for eleven BTC spot ETFs was $217.04 million, corresponding to an estimated net inflow of about 3,435 BTC into ETF custody addresses after the U.S. stock market opens tonight (5/7):Outflows: 0;Inflows: Eight ETFs including Fidelity (FBTC) saw inflows of about 3,435 BTC (corresponding to the $217.04 million inflow on 5/6).Currently, the total amount of BTC held by the eleven BTC spot ETFs is 824,419 BTC ($52.09 billion).

ChainCatcher news, on-chain data analyst Yu Jin stated that it is expected that after the opening of the US stock market tonight, the ETF custody addresses will see a net outflow of approximately 579 BTC, among which:Outflow: Grayscale (GBTC) outflow of about 926 BTC;Inflow: Ark Invest (ARKB) and three other ETFs inflow of about 347 BTC.Currently, eleven BTC spot ETFs hold a total of 818,991 BTC (approximately 4.859 billion USD).

ChainCatcher news, on-chain data analyst Yu Jin stated that after the opening of the US stock market tonight, the ETF custody addresses are expected to see a net outflow of approximately 2,731 BTC, including:Outflow: Four ETFs including Grayscale (GBTC) will see an outflow of about 2,792 BTC;Inflow: Ark Invest (ARKB) will see an inflow of about 61 BTC.Currently, the eleven BTC spot ETFs hold a total of 830,928 BTC (approximately 49.16 billion USD).

ChainCatcher message, U.S. stock market opens, the three major indexes all open lower, with the Dow down 0.35%, the S&P 500 down 0.28%, and the Nasdaq down 0.39%. Tesla (TSLA.O) opens down 3.3%, with reports that Musk plans further layoffs, and cryptocurrencies decline, with MicroStrategy (MSTR.O) down 8%.

According to ChainCatcher news, monitored by on-chain analyst Yu Jin, on April 29, the overall net outflow of funds from eleven BTC spot ETFs was approximately $51 million. After the U.S. stock market opens tonight, the ETF custody addresses will net out approximately 819 BTC:Outflow: Three ETFs including Grayscale (GBTC) had an outflow of about 999 BTC (corresponding to an outflow of approximately $63 million on April 29);Inflow: Three ETFs including Bitwise (BITB) had an inflow of about 180 BTC (corresponding to an inflow of approximately $11 million on April 29).Currently, the eleven BTC spot ETFs hold a total of: 831,957 BTC (approximately $5.237 billion).