I have discovered that for the past month, the B circle and the US stock market have no correlation, only the news aspect is related, and they are moving in completely opposite directions.

On one side, the US stock market is thriving, with the S&P 500 reaching a historic high of 6908 points, a 17% increase since the beginning of the year, and the Nasdaq soaring to 23968 points, with tech stocks represented by Nvidia experiencing unprecedented excitement;

On the other side, cryptocurrency is struggling to survive, with Bitcoin dropping from its high of $126,000 at the beginning of October to the current $112,000, a decline of 11%, and Ethereum failing to maintain $4,000, with the total market cap of cryptocurrency evaporating by $12 billion since the beginning of the month.

In fact, this can also be seen from the flow of large funds; in October, the attractiveness of the US stock market to large funds is stronger than that of the cryptocurrency circle. For example, this month, the net inflow of funds into US stock ETFs is $24.6 billion, while Bitcoin ETFs experienced a net outflow of $7.3 billion.

Another year is coming to an end, and I hope that in the last two months, cryptocurrency can catch a break #稳定币监管风暴 #美联储降息预期