cryptocurrency market sentiment

4E: The cryptocurrency market sentiment remains high, with all three major U.S. stock indices rising and gold approaching historical highs

ChainCatcher news, according to 4E monitoring, on Wednesday, all three major U.S. stock indexes rose, with the S&P 500 up 0.47%, the Dow Jones up 0.79% hitting a new high, and the tech-heavy Nasdaq up 0.28% lagging behind due to concerns over ASML's disappointing earnings. AI concept stocks had mixed results, with Nvidia closing up 3.13% nearing its peak. The sentiment in the crypto market remains high, with Bitcoin slightly retreating after breaking above $68,000 for the first time since July; as of the time of writing, Bitcoin is up 0.26% at $67,520, while Ethereum is down 0.15% at $2,622.In the forex market, the "Trump trade" reignited, pushing the dollar index up over 0.2% to a ten-week high. The yen has been continuously declining recently, and weaker inflation data from Europe and the UK has bolstered expectations for interest rate cuts by the Bank of England in November and the European Central Bank this Thursday. The pound has fallen to its lowest level in two months, and the euro has dropped to its lowest in ten weeks. Concerns over oil supply disruptions in the Middle East have eased, leading to a continued decline in oil prices, which have retraced most of the gains made after Iran launched ballistic missiles at Israel earlier this month. Expectations for global central bank rate cuts have increased, supporting spot gold, which rose over 0.4% on Wednesday, nearing historical highs.Expectations for slight rate cuts from major global central banks have warmed, with traders currently estimating a roughly 94% chance of a 25 basis point rate cut by the Federal Reserve in November. The market is focused on the retail sales data for September to look for clues on rate cuts. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, spot 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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