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The three major U.S. stock indices closed slightly higher, the crypto market fluctuated downwards, and gold prices soared again

The three major U.S. stock indices closed slightly higher, the crypto market fluctuated downwards, and gold prices soared again

Bitget2025/02/19 03:39

The three major U.S. stock indices briefly turned lower during the session, but strong buying emerged at the close, resulting in a slight increase overall. The SP 500 index rose by 0.24%, hitting a new high during the session; Dow Jones Industrial Average increased by 0.02%; and Nasdaq Composite Index was up by 0.07%. Large tech stocks showed mixed performance with Tesla falling by 0.49% and Nvidia rising by 0.4%. Most chip stocks and AI concept stocks also saw an increase.

In the cryptocurrency market, Bitcoin fell to its lowest level in nearly two weeks at $93,000 under pressure from U.S. stocks before rebounding slightly above $95,000. ETH experienced significant market attention due to bottomed-out market sentiment and fading meme heat, currently fluctuating around $2,700 USD . The LIBRA exit event exacerbated the depressed mood of the market; coupled with Bitcoin's sudden crash, altcoins were hit hard again with prices continuously reaching new lows.

In terms of foreign exchange commodities, Trump once again imposed heavy tariffs which pushed up the dollar index by 0.3%; oil prices closed higher on Tuesday due to concerns over short-term supply interruption caused by an attack on a Russian oil pipeline . Tariff worries and tense Russia-Ukraine conflict negotiations triggered risk-averse buying , spot gold rose1 .2 %. On Tuesday , Trump reiterated that he would impose high tariffs on cars , semiconductors ,and pharmaceutical products,but his capricious tariff policy is gradually making markets immune .

Compared to this,the market is more concerned about latest developments in Russia-Ukraine situation,hoping for early resolution of conflict.In addition,the Federal Reserve will release minutes from its January meeting on Wednesday,and markets are hoping it will provide insight into Fed's view on impact of global trade situation.

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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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