4E: US stocks and gold both hit new highs, and the crypto market rebounded slightly

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According to ChainCatcher's message, the minutes of the Federal Reserve's monetary policy meeting suggest that they will remain on hold until more progress is made on inflation. On Wednesday, US stocks opened lower but closed higher, with the three major indices collectively rising, the S&P 500 index up 0.24% to a new high for the second consecutive day, the Dow Jones up 0.16%, and the Nasdaq up 0.07%. Large tech stocks were mixed, with Tesla up 1.82% and Nvidia down 0.12%.

The cryptocurrency market rebounded slightly against the backdrop of a rise in US stocks. After a flash crash to a two-week low on Tuesday, Bitcoin was in a volatile upward trend on Wednesday, rising to a high of $97,000 in the morning before pulling back slightly, currently trading at $96,810, up nearly 1.5% in 24 hours.

Ethereum and Altcoins generally rebounded, with Ethereum currently trading at $2,730, up nearly 2.02% in 24 hours. On-chain sentiment has cooled, with MEME hype declining, and SOL continuing to underperform. The overall market is still oscillating within a range and has not shown a clear direction. In the foreign exchange and commodity markets, the US dollar index rose 0.11%; spot gold hit a new high of $2,947 during the day before pulling back, with the daily gain narrowing to 0.15%; multiple messages have increased the prospect of tightness in the oil supply, and oil prices continued to rebound, with Brent crude rising for three consecutive days to a one-week high.

The minutes of the Federal Reserve's January meeting show that officials believe that further rate cuts will require seeing inflation continue to decline, but policies such as Trump's tariffs pose upside risks to inflation. Overall, the meeting minutes further reinforced the market's expectation of a "pause in rate cuts", and the Federal Reserve is firmly in "wait-and-see" mode. As a financial trading platform that supports cryptocurrencies, stock indices, bulk gold, foreign exchange and other assets, eeee.com has recently launched a USDT stablecoin wealth management product with an annualized yield of 8%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.

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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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