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 news, data released on Friday showed that the U.S. core PCE in August was below market expectations, with a year-on-year increase of 2.2%, close to the Federal Reserve's 2% target. The cooling inflation has strengthened market expectations for the Federal Reserve to continue cutting interest rates in the coming months, with the probability of a 50 basis point rate cut in November rising from 49.3% to 54.1%.According to 4E observations, the Dow Jones Industrial Average rose 0.59% last week, the S&P 500 index increased by 0.62%, and the Nasdaq rose by 0.95%, marking the third consecutive week of gains for all three major indices. Bitcoin saw a cumulative increase of nearly 4% last week, marking three weeks of gains and heading towards the best September in history. Under the expectation of continued rate cuts, the U.S. dollar index fell for four consecutive weeks, erasing all gains since mid-July. Spot gold hit a new historical high last week, rising 1.38%, with an increase of nearly 30% this year, surpassing the S&P 500 index's 20% gain, driven by rate cuts from major central banks like the U.S. and China, along with ongoing tensions in the Middle East.With inflation falling in Europe and the U.S., and the pace of global central bank rate cuts accelerating, this will provide strong momentum for the stock and cryptocurrency markets. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange. U.S. non-farm payroll data for September will be released this Friday; if it performs strongly, it will further boost expectations for a 50 basis point rate cut in November. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.

ChainCatcher news, BlackRock's digital asset head Robbie Mitchnick expressed his views on Bitcoin in an interview with Bloomberg. He believes that although Bitcoin has recently aligned with the U.S. stock market, it should be seen as a "safe-haven" asset. He compared Bitcoin to traditional safe-haven assets like gold, which are typically favored during uncertain times. In contrast, stocks, commodities, and high-yield bonds are often considered "risk-on" investments.Mitchnick explained that despite short-term volatility, assets like gold and Bitcoin have shown similar performance over time. "Gold exhibits many of the same patterns; despite periods of temporary alignment with stocks, the long-term correlation is close to zero."He emphasized that Bitcoin's decentralized nature and scarcity set it apart, stating, "You would consider it as the foundation of a safe haven."

ChainCatcher news, according to Bloomberg, correlation studies show that the correlation between digital assets and the U.S. stock market has nearly reached historical highs, indicating that the macroeconomic variables driving the stock market are also affecting the cryptocurrency market.Data compiled by Bloomberg shows that the correlation coefficient between an index measuring the 100 largest digital assets and the S&P 500 index is approximately 0.67 over a 40-day period, a level only surpassed in the second quarter of 2022 when it reached 0.72. A coefficient of 1 indicates that the assets move in perfect unison, while a coefficient of -1 indicates they move in completely opposite directions.This week's focus will be on comments from Federal Reserve officials and the release of the U.S. Personal Consumption Expenditures Price Index (PCE). Sean McNulty, trading director at liquidity provider Arbelos Markets, stated, "We believe that the speakers are more important than the PCE inflation data, as the market is currently trying to understand the Federal Open Market Committee's (FOMC) reaction function."

ChainCatcher news, after Bitcoin reached a three-week high, crypto-related stocks rose in pre-market trading in the U.S., including:Coinbase (COIN) up 3.6%,Bitfarms (BITF) up 4.6%,MicroStrategy (MSTR) up 4.4%.

ChainCatcher news, according to Dongwang reports, the Deputy COO of Victory Securities published an analysis stating that the virtual asset market has reached the lower end of a volatile trend. Last week, Bitcoin's price dropped by approximately 4.25% over the week, while Ethereum fell by about 5.29%. The decline in virtual assets is mainly due to the impact of U.S. economic data, but from the perspective of the virtual asset market, it still shows resilience.In terms of capital flow, about $706 million flowed out of the over-the-counter Bitcoin ETF last week, and approximately $98 million flowed out of the Ethereum ETF. Despite the outflow of funds, if market sentiment remains positive, it may only be a temporary adjustment rather than a change in the long-term trend; the open interest in Bitcoin contracts on exchanges is at a historical high, which usually indicates that capital remains in the market, showing traders' strong commitment to the market.This dynamic of funds may reflect market participants' recognition of the current price level and signs of optimism for the mid-to-long-term in the latter half of the bull market. From a spillover effect perspective, the average market capitalization ratio of the top 10% of U.S. listed companies to the average market capitalization of the other 90% of U.S. listed companies has reached twenty-eight times, indicating a concentration of leading companies, which suggests that a rotation within U.S. stocks may soon unfold, potentially leading to a decline in virtual assets.In this week's fluctuations in the virtual asset market, the prices of Bitcoin and Ethereum have experienced a decline, but this does not necessarily indicate a change in the long-term trend. Market volatility is an inherent characteristic, and investors should pay more attention to the fundamentals and long-term value of the market. As the market develops and matures, more stability and predictability may be anticipated.

ChainCatcher news, Morgan Stanley strategist Michael Wilson believes that if the Federal Reserve significantly cuts interest rates this month, the U.S. stock market may face the risk of further unwinding of yen carry trades.He pointed out that if the initial rate cut exceeds 25 basis points, it could support the yen. This would prompt yen traders to withdraw from U.S. assets after domestic interest rates rise, repeating the pattern that caused turmoil in global markets last month. "The unwinding of yen carry trades may still be a lurking risk factor," Wilson wrote in a report. "A rapid decline in U.S. short-term interest rates could further strengthen the yen, prompting a negative reaction from U.S. risk assets." (Jin Shi)

ChainCatcher news, according to monitoring by 4E Exchange: U.S. stocks performed well in August, with the Nasdaq, Dow Jones, and S&P 500 rising by 4.1%, 2.0%, and 3.9% respectively. The cryptocurrency market performed poorly, with Bitcoin down 10.25% and Ethereum down 23.66%, while many altcoins hit historic lows. However, the supply of stablecoins increased against the trend by 2.9%, reaching $148.4 billion, with USDT and USDC holding market shares of 78.7% and 17.4% respectively. Notably, the 5.5% annualized yield USDT financial product launched by eeee.com has attracted investor attention. 4E Exchange points out that amidst the panic in the crypto market, U.S. stocks and high-yield USDT financial products provide investors with new asset allocation options. It is recommended that investors weigh the risk and return and make informed decisions based on their personal financial goals.

ChainCatcher news, according to market data, Nvidia's pre-market decline in US stocks has narrowed to 1.5%, after previously dropping nearly 5%.