BlockBeats news, on November 18th, after experiencing a strong pump following the election, the market sentiment cooled slightly last week. Fed Chairman Powell seems to intend to slow down the rate cut, which has cooled the excitement generated by the 'Trump trade.' According to 4E monitoring, the three major U.S. stock indexes continued to weaken after hitting new highs on Monday last week, and the expectation of a rate cut on Friday weighed heavily on U.S. stocks, with the S&P 500 falling 2% over the past five trading days, erasing half of its gains since the election. The Dow fell 1.24% this week, and the Nasdaq fell 3.15% this week, marking the largest weekly fall since September. After breaking through $93,000 on Wednesday, BTC began to converge under the pullback of U.S. stocks but showed resilience. It is currently trading narrowly around $90,000, and as of the time of writing, BTC is trading at $90,799.
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BlockBeats news, on November 18th, after experiencing a strong pump following the election, the market sentiment cooled slightly last week. Fed Chairman Powell seems to intend to slow down the rate cut, which has cooled the excitement generated by the 'Trump trade.' According to 4E monitoring, the three major U.S. stock indexes continued to weaken after hitting new highs on Monday last week, and the expectation of a rate cut on Friday weighed heavily on U.S. stocks, with the S&P 500 falling 2% over the past five trading days, erasing half of its gains since the election. The Dow fell 1.24% this week, and the Nasdaq fell 3.15% this week, marking the largest weekly fall since September. After breaking through $93,000 on Wednesday, BTC began to converge under the pullback of U.S. stocks but showed resilience. It is currently trading narrowly around $90,000, and as of the time of writing, BTC is trading at $90,799.