The global financial market is experiencing a severe turbulence. Yesterday, the U.S. stock market suffered a heavy blow, with all three major indices declining across the board, and tech stocks taking the brunt of the hit. The Dow Jones Industrial Average fell by 1.23%, while the Nasdaq index plummeted by 2.24%. In this round of decline, Amazon's stock price significantly dropped by 8%, leading to a market capitalization loss of about $200 billion in just one day. Other tech giants like Apple and Nvidia were also not spared, with their stock prices both falling over 2%.



The recent turbulence in the stock market reflects a shift towards pessimism among investors, with funds beginning to seek safe havens. Based on past experience, a significant fall in U.S. stocks often triggers a chain reaction in the cryptocurrency market, potentially putting mainstream digital currencies like Bitcoin and Ethereum under short-term pressure. However, some analysts believe that this decline may present investors with potential low-price entry opportunities.

At the same time, former U.S. President Trump once again made strong comments on the Federal Reserve's policy, triggering speculation in the market about a possible interest rate cut in September. Trump criticized the current level of interest rates as too high and hinted at the issue of Federal Reserve Chairman Powell's position. Even more concerning for the market is the sudden resignation of Fed Governor Kugar, which creates an opportunity for Trump to nominate new board members and could impact the direction of future monetary policy.

Affected by these factors, market expectations for a rate cut by the Federal Reserve in September have significantly increased. If a rate cut becomes a reality, the dollar may weaken, which could drive investors to shift funds toward cryptocurrencies like Bitcoin, potentially triggering a new bull market.

Trump also questioned the authenticity of the latest non-farm payroll data, claiming that it was manipulated to undermine him. Although this assertion lacks substantial evidence, it undoubtedly increases market uncertainty.

In this complex financial environment, investors need to closely monitor global economic indicators, central bank policy trends, and the developments in geopolitical situations. For cryptocurrency investors, this may be a time that requires cautious observation, but it may also contain opportunities. However, regardless of the situation, one should comprehensively assess risks and rationally view market fluctuations before making any investment decisions.
BTC0.28%
ETH-0.53%
TRUMP1.09%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Share
Comment
0/400
AlphaBrainvip
· 08-02 03:51
There is no sign of a bull run.
View OriginalReply0
MoonBoi42vip
· 08-02 03:49
Hoard some BTC and wait for the interest rate cut in September
View OriginalReply0
QuorumVotervip
· 08-02 03:49
It's time to increase the position again.
View OriginalReply0
SillyWhalevip
· 08-02 03:47
Don't worry about so much, I just buy the dip and that's it.
View OriginalReply0
ProveMyZKvip
· 08-02 03:45
The bull run is coming! Waiting for Trump to take office.
View OriginalReply0
MissedTheBoatvip
· 08-02 03:45
Fall nicely, let me see who died the most miserably.
View OriginalReply0
PumpBeforeRugvip
· 08-02 03:41
My old prophecy is here. Once the crash is over, there will be a pump.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)