On September 7, according to 4E Exchange monitoring: On Friday, the three major U.S. stock indexes fell across the board. In the first trading week of September, the Nasdaq fell 5.77%, the largest weekly drop since January 2022; the S&P fell 4.25%, and the Dow fell 2.93%, both of which were the largest weekly drops in a year and a half. The crypto market continued to fall sharply, with Bitcoin falling more than 10.51% and Ethereum falling more than 13.84%.
The number of new non-farm payrolls in the United States in August was lower than expected. After the recent stock market shock, the market was like a frightened bird, and any shortcomings would be magnified. Although the market expects the Federal Reserve to start a rate cut cycle this month, the Federal Reserve voting committee did not clearly say that it would definitely cut interest rates by 50 basis points in September, which disappointed the market. September has always been a month with poor performance of US stocks and cryptocurrencies, and market confidence indicators are weak. Against this background, eeee.com launched a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with a potential hedging option and obtaining stable returns in market turmoil.
