✏️ 2/7 Crypto Market Briefing Completely organized for a quick weekend read! Start your weekend off right with a refreshing rebound in risky assets. Let's quickly review the key points. 1. Bitcoin (Escape from Panic Zone) - Bitcoin: Surges +10-12% intraday - Crisis of $60,000 → Recovers to $70,000 - Ethereum also rises +13%, returning to the $2,000 range * Points The recent plunge is more due to leverage and a collapse in sentiment than structural weakness. → Influx of "panic zone buying" led by institutions and hedge funds. 2. Altcoins (Accelerating Beta Play) - Ripple (XRP) surges +24% in one day - Rally driven by BTC rebound and a return to risk-on asset preference, rather than individual positives. * Note - Altcoin rebound strongly reflects market beta characteristics. → If BTC fails to stabilize at the $60,000 level, volatility could increase again. 3. Crypto-related stocks surge - Coinbase +13% - Robinhood +14% - Strategy +26% * BTC price rebound → Amplified impact on leveraged companies. ➕ US Stock Market (Risk-On Shift) - Dow Jones Industrial Average → Surpasses 50,000 for the First Time Ever (+2.5%) - S&P 500 Index → +2.0%, Largest Daily Rebound Since Recent Correction - Nasdaq Composite Index → +2.2%, Strong Recovery Led by Technology Stocks The recent market plunge was more a case of "excessive panic" than a structural collapse, and today's market showed a typical risk-on rebound. Bitcoin held steady in the 60K range and rebounded to near 70K, but further movement remains to be seen. The US employment report, which was delayed due to the government shutdown, is scheduled for release next week, which could lead to volatility. I will continue to monitor the situation throughout the weekend and provide briefings.