Tonight, the cryptocurrency market will face multiple storms! The negative impact of the U.S. stock market is offset by favorable non-farm payroll data, combined with expectations for the White House crypto summit on March 7, creating a highly sensitive market sentiment:
1. The plunge in U.S. stocks drags down the cryptocurrency market, increasing liquidity risk.
The negative sentiment in the U.S. stock market dominates short-term emotions: Influenced by Trump’s tariff policy (25% tariffs on Canada and Mexico) and concerns about economic recession, the three major U.S. stock indices are all declining! The financial securities sector leads the decline.
Increased interconnectedness: The correlation between the cryptocurrency market and the U.S. stock market has risen to a historical high, and the expiration of U.S. stock options further exacerbates volatility. If the U.S. stock market continues to weaken, cryptocurrencies may face greater selling pressure.