4E Exchange: US stocks rose strongly in August, the crypto market was sluggish, and high-yield USDT financial products were favored

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According to ChainCatcher, 4E Exchange monitored that the US stock market 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 falling by 10.25%, Ethereum falling by 23.66%, and many Altcoin hitting record lows. However, the supply of stablecoins rose by 2.9% against the trend to $148.4 billion, of which USDT and USDC had market shares of 78.7% and 17.4% respectively. It is worth noting that the 5.5% annualized yield USDT wealth management product launched by eeee.com has attracted investors' attention. 4E Exchange pointed out that in the context of panic in the crypto market, US stocks and high-yield USDT wealth management products provide investors with new asset allocation options. Investors are advised to weigh the risks and benefits and make wise decisions based on their personal financial goals.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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