Today, the cryptocurrency and related sectors declined, with the core reason being the new regulations introduced by Nasdaq: companies planning to issue new shares to raise funds for purchasing cryptocurrencies must first obtain shareholder approval. This move will directly slow down the pace of companies transitioning to the cryptocurrency field. At the same time, companies that do not comply with this rule may face delisting or suspension of trading risks. After federal regulators gradually withdraw, Nasdaq has become the main rule enforcer for cryptocurrency-related stocks.
Affected by this new regulation, mainstream cryptocurrencies such as BTC and ETH, as well as U.S. stocks holding cryptocurrency strategic reserves, have all seen declines. However, the overall U.S. stock market has maintained an upward trend today, showing a pattern of sector differentiation.
Current market fluctuations may continue until further news is released tomorrow. Looking at the subsequent trends, if the market continues to decline in the next two days, since the negative news has been partially released, the expected drop will be relatively limited; if tomorrow's news is favorable, there is a larger rebound space, which can refer to the rebound logic of the market after Powell's previous speech.
