A-shares have reached their daily limit again, where is the future of cryptocurrency?
🔥"It has reached its daily limit again! A-shares soared 130 points, and the Qidian.com writer made 3 million yuan by betting on the stock market and stopped updating!"
This is not just a carnival in the stock market, but also a collective boiling of the financial market! 💸
🌊With the Fed's interest rate cuts and the global market "flooding", A-shares have set a new transaction record under favorable policies, and investors have made an average of 47,000 yuan in 4 days! 💰The connection between the US stock market, A-shares and the cryptocurrency market has become increasingly close. After the approval of the Bitcoin spot ETF, the BTC price has been significantly linked to the US Dow Jones, with an increase of up to 52%! 📊
📅Looking back at the performance of BTC key nodes and US stocks and A-shares since the beginning of the year:
In January, BTC spot ETF was approved and the price stabilized; in March, BTC hit a new high of $73,000, and the Dow Jones Industrial Average rose simultaneously; in April, the halving did not see a surge, but miners' income increased; in May, geopolitical influences caused market fluctuations; in August, BTC plummeted by $15,000, and the global financial market resonated; in September, the Federal Reserve cut interest rates, and the global market ushered in a "flooding tide", and A-shares, US stocks, and BTC soared together! 🚀
The correlation between the cryptocurrency market and the traditional financial market has increased, and BTC is still a very high-quality investment target! Although the volume is still small, the two-way flow has become the biggest attraction. How to attract funds from the traditional financial market to enter the encryption field has become a new challenge!
How does the market need to break through now? I think strengthening ecological construction, broadening narratives, and introducing real-world assets and liquidity are the key. Last night, it was obvious that the bulls were not strong enough. When the bull market came, there was no support, and the September rate hike narrative was wasted. Market funds were constantly being eroded by other financial products. Next, if there is no more liquidity, the bull market will definitely not be strong.
Family members, let us work together, work together for the future of $BTC , and go to the new era of Mass Adoption! 🌟
