Let's talk about the recent market trends. Today, the US stock market experienced a huge surge, achieving the largest single-day increase in the past 17 years. Why did it rise so sharply? It turns out that Trump announced a 90-day suspension of tariffs on 75 countries, but on China, the tariffs were raised to 125% and took immediate effect. When this news broke, the US financial markets were thrilled, believing that the short-term negative factors had been exhausted.
Let's take a look at the cryptocurrency market. Bitcoin has also surged significantly following the rise in the US stock market. The recent trend of Bitcoin has drawn a lot of attention since it's the leader in the cryptocurrency space; when it rises, many altcoins also experience a rally.
In terms of market hotspots, the public chain sector has performed outstandingly, with projects like sol, eth, and layer all rebounding significantly. Interestingly, the Trump family fund actually sold off eth. On the other hand, the price of layer, which uses hardware acceleration, reached a new high.
The meme coins on the sol chain are also quite impressive, with fartcoin and rfc experiencing a strong upward trend. Fartcoin can be called the 'vanguard' of this rebound, as a whale bought up 2 million of them, making quite a splash. rfc is also noteworthy; it was reported by CCTV and benefited from the Musk concept, resulting in a considerable rise.
There are also new projects on exchanges worth mentioning. Binance has listed Babylon, which is a Bitcoin staking protocol. OKEx has launched prompt, which is part of the AI on-chain infrastructure. Every time new projects are launched on exchanges, they attract a lot of investor attention, potentially sparking a small market boom.
Overall, the market has been quite volatile recently, influenced by various news. Whether it's the US stock market, Bitcoin, or various sub-sectors, changes are happening rapidly. Investors should stay alert and closely monitor these dynamics.
Follow the captain for insights and trading signals.
