Federal Reserve Chairman Powell's speech in the early morning caused a temporary market decline, followed by Trump announcing the unbinding of Biden's AI blockade plan. Coupled with news from the East University negotiations, this effectively boosted risk market sentiment.
However, it should be noted that despite the relaxation of related restrictions, the control over East University's AI chips has not been lifted, and the impact of this policy change on the Chinese market is limited.
Regarding Bitcoin, today's price volatility has intensified, with fierce long-short battles and significantly increased turnover, as many short-term profit positions begin to change hands.
Currently, Bitcoin's price is relatively stable, and in the absence of significant positive or negative news, it is likely to maintain a fluctuating trend.
From a correlation perspective, if U.S. stocks continue to rise, the likelihood of Bitcoin following suit is extremely high, but the subsequent performance of U.S. stocks still relies on event-driven factors, such as today's rise in Nvidia's stock price being a typical case of event catalysis.
