ChainCatcher news, Citigroup strategists indicate that due to the risks posed by Trump's policy proposals, the current 4.5% gain in U.S. stocks this year may already be the best short-term outcome.The team led by Scott Chronert stated that investors are betting that Trump's "America First" policy will have a "favorable impact on businesses." "We do not oppose this, but we also believe that the potential damage to the fundamentals may not yet be priced in. Our outlook for the year has not changed significantly, but the near- to medium-term downside risks have slightly increased." The performance of U.S. stocks in 2025 lags behind global markets due to concerns that Trump's protectionism and proposed import tariffs may spur inflation. Investors are also questioning the high valuations of tech giants, with four of the seven giants (Apple, Tesla, Alphabet, and Microsoft) currently in decline. Compared to the peak at the end of 2023, the contribution of the seven giants to earnings growth has also slowed.Chronert noted that the current momentum is coming from other parts of the S&P 500 index, with signs of the rally expanding beyond large tech stocks, but so far it has been limited to other large-cap stocks.

ChainCatcher news, 10x Research released a latest report stating that the prospects for Ethereum ETF approval seem less optimistic compared to Bitcoin, with analysts estimating the probability of approval at only 30%. This uncertainty may weigh on Ethereum after the Dencun upgrade, potentially dragging down Bitcoin as well. Additionally, recent inflation data from Europe and the United States has been released, and central bank officials are reluctant to commit to interest rate cuts, further dampening market sentiment and leading to Bitcoin sell-offs during the Asian trading session.Given these factors, Bitcoin's price failed to maintain its new high, suggesting the possibility of a deeper and longer correction. As the week progresses, the inflow of funds into Bitcoin ETFs typically slows down, with Friday's data showing the lowest (net inflow of 199 million). Bitcoin may drop to 63,000 as a potential target before resuming its upward trend.Moreover, altcoins closely related to Ethereum's rise may have already reached a short-term peak, with tokens like SHIB experiencing a significant surge in trading volume. The decline in Meme trading volume in South Korea suggests that last week's Meme coin frenzy may have also peaked, indicating a broader market correction ahead.