Market Dynamics on May 9: U.S. stocks fluctuate, market anticipates CPI data to be announced next week

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Bitget2024/05/09 01:59

By:Bitget

I. Market Overview
1. Bitcoin is falling, and altcoins are generally declining. The outflow of spot ETFs continues.
2. U.S stocks are volatile, the market is looking forward to the CPI data to be announced next week.

II. Market Focus
1. Bankrupt coins FTT and CEL have risen sharply, FTX creditors will receive dollar-based compensation. 95% of CEL's supply has been destroyed.
2. Oracle machines TRB, UMA, API3 and others boost the market trend. The dealer-controlled TRB likes to pull up in a volatile market. API3 cooperates with XLayer for L2.
3.DeFi project LBR has risen sharply.LBR is an options protocol that has launched a new token LDX airdrop.
4.Depin released IO futures price.IO is AI decentralized computing power.The prediction on AEVO platform shows its future price reaching a market value of $2 billion.It plans to conduct an airdrop in mid-May.Comparable products RNDR worth $5 billion,Akt worth $1 billion.This round of Depin narrative speculation did not attract attention,and its core still revolves around AI concept development.

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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Cryptopolitan•2024/11/24 03:44

The clash of Bitcoin and benchmark stock indexes

Share link:In this post: The S&P 500 is up 25% this year, with financial and cyclical stocks leading, boosted by optimism around a Trump administration and steady economic growth. Bitcoin has surged 40% this month, nearing $100,000, driven by aggressive trading, retail investor enthusiasm, and headlines hinting at government support. MicroStrategy’s stock hit a $100 billion market cap, tripling its Bitcoin holdings’ value, but its wild 32% drop from intraday highs shows cracks in the frenzy.

Cryptopolitan•2024/11/24 03:44