According to ChainCatcher's monitoring, on Thursday, US stocks fell into anxiety before the release of non-farm data, and the market's high-level momentum was extinguished, with the three major indices collectively closing lower. The Dow Jones index fell 0.55%, the Nasdaq fell 0.18%, and the S&P 500 index fell 0.19%. Most large-cap tech stocks rose, with Tesla up more than 3%, hitting a new high in over 2 years.
The cryptocurrency market reached a new historical high. After Trump announced the nomination of a cryptocurrency supporter as the chairman of the US SEC, the market surged significantly, with the Bitcoin price breaking through the $100,000 milestone, reaching a high of around $105,000, and then falling back sharply, plunging more than 8% in the early morning, briefly touching $90,500 before quickly rebounding. As of the time of writing, Bitcoin is quoted at $98,240. While Bitcoin experienced a flash crash, Altcoins were unaffected and generally performed strongly, indicating market confidence in Altcoins.
In the foreign exchange and commodity markets, the number of initial jobless claims in the US last week exceeded expectations, and the US dollar index fell by about 0.6% on the "eve of non-farm payrolls", presenting a volatile downward trend throughout the day, with most non-US currencies rising. OPEC+ postponed its production increase plan to April 2023 as expected, leading to profit-taking sell-offs, and international oil prices ultimately fell by more than 0.30%. Due to the strengthening of US Treasury yields after the weekly jobless claims data release, gold prices fell on Thursday, with spot gold dropping nearly 1% intraday.
Thursday's economic data showed that the US labor market continued to cool down steadily, and the market is focusing on the non-farm employment data on Friday to understand the Federal Reserve's stance on rate cuts. Currently, the Fed's observation tool indicates that the market expects a 70.1% probability of a rate cut by the Fed this month. eeee.com is a financial trading platform that supports cryptocurrencies, stock indices, bulk gold, foreign exchange, and other assets, and has recently launched a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing potential hedging options for investors. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.
