Good news comes together, ETH upgrade dividends + New Hampshire bill, how to seize this wave of market?
It turns out that to rise, we still have to look at the Asian time zone. After the market opened in the morning, both US stock futures and $BTC rose, and S&P futures and Nasdaq futures have recovered the losses from yesterday.
Gold rose 2.56% today, with the price once again hitting a historical high, peaking at $3419 during the early hours. The decline in the dollar index has forced gold to rise passively. Of course, the rise in gold is based on multiple factors (many people previously said gold peaked at 3300, which is clearly being proven wrong).
Friends in Asia are still FOMOing, after all, yesterday's decline did not have any direct negative news, likely more due to the purchasing of 10-year US Treasuries and risk aversion ahead of tomorrow's Federal Reserve meeting.
Reasons for today's market surge:
- China and the United States have decided to hold talks in Switzerland, with favorable tariffs expected to be implemented!
- The People's Bank of China has lowered interest rates and reserve requirements!
- The Governor of New Hampshire has signed HB302, making it the first state in the U.S. to include cryptocurrency in its strategic reserves.
According to the bill, the state government can invest up to 5% of funds in precious metals and cryptocurrencies with a market value exceeding $500 billion, with a potential investment amount of $280 million - $770 million. Currently, the only eligible cryptocurrency is Bitcoin.
This marks the United States entering a new stage of compliant cryptocurrency investment, which is expected to lead more states to follow suit. In the long run, this is an epic benefit for Bitcoin, likely to change its status in the eyes of investors.