After the Federal Reserve announced its fourth consecutive decision to keep the Intrerest Rate unchanged, the U.S. stock market showed mixed results, with the Nasdaq Index rising slightly by 0.12%, while the Dow Jones Index fell by 0.10%. Notably, the stablecoin Circle saw significant growth in this context, with an increase of 33.82%.
During the same period, despite the domestic economic policy conference setting the tone for future development, the cryptocurrency market has still not been boosted, showing a trend of oscillating decline. The market trading volume continues to shrink, indicating that the current favorable factors have not effectively stimulated market sentiment.
In view of the lack of obvious positive news in the sectors today, the market is likely to follow the performance of the US stock market, with a focus on the performance of the stablecoin sector.
From the overall market performance, the cryptocurrency market is expected to continue its main trend of fluctuating downward today, but a significant fall is unlikely to occur. Investors need to pay attention to the rhythm when focusing on individual coins, especially in the absence of supportive policy benefits, as the likelihood of mainstream coins breaking through resistance in the short term is relatively low.
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After the Federal Reserve announced its fourth consecutive decision to keep the Intrerest Rate unchanged, the U.S. stock market showed mixed results, with the Nasdaq Index rising slightly by 0.12%, while the Dow Jones Index fell by 0.10%. Notably, the stablecoin Circle saw significant growth in this context, with an increase of 33.82%.
During the same period, despite the domestic economic policy conference setting the tone for future development, the cryptocurrency market has still not been boosted, showing a trend of oscillating decline. The market trading volume continues to shrink, indicating that the current favorable factors have not effectively stimulated market sentiment.
In view of the lack of obvious positive news in the sectors today, the market is likely to follow the performance of the US stock market, with a focus on the performance of the stablecoin sector.
From the overall market performance, the cryptocurrency market is expected to continue its main trend of fluctuating downward today, but a significant fall is unlikely to occur. Investors need to pay attention to the rhythm when focusing on individual coins, especially in the absence of supportive policy benefits, as the likelihood of mainstream coins breaking through resistance in the short term is relatively low.