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The shortage of market liquidity has not yet shown significant recovery, and risk assets continue to be under pressure

The shortage of market liquidity has not yet shown significant recovery, and risk assets continue to be under pressure

Bitget2024/12/30 08:03
BTC-0.10%

According to monitoring, last Friday the rise in U.S. bond yields put pressure on U.S. stocks, with tech stocks, chip stocks, and AI concept stocks collectively falling, dragging down the U.S. stock market's sharp drop on Friday but ending the week higher overall. The SP 500 index rose by 0.85% over the week, while the Dow Jones Industrial Average ended a three-week losing streak with a weekly gain of 0.35%, and Nasdaq Composite Index increased by 0.76%.

The cryptocurrency market continued its volatile decline; Bitcoin fluctuated around $95k over the weekend and began another round of declines last night, dropping as low as $93k - its lowest point in nearly a week. On Friday again there was a net outflow from Bitcoin spot ETFs amounting to $287 million USD; total net outflows for last week were $376 million USD. During this period of market volatility and adjustment, CEX platform coins performed well; AI Agent speculation remained hot with significant capital inflows.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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