Bitcoin had a rare rise in the early morning, hitting a correction of 38,000. Let us also pay attention to the overnight situation of the international financial market:
The U.S. Nasdaq Index rose and fell yesterday, repeatedly, and finally closed up 0.07%, which was a small increase.
The same goes for S&P, up 0.16%, and Coinbase closed up 6.57%.
The U.S. stock market performed poorly in the early morning. The closing price was basically similar to the opening price. The overall market was weak. However, Coinbase bucked the trend and rose at a good rate. Of course, when we observed the crypto market, we also saw that crypto traders during U.S. time were still very active.
After the United States showed its own crude oil inventories, the price of international crude oil fell. The current international Brent crude oil price is 80 US dollars per barrel. Gold rebounded quickly after falling at the opening, and the current price is 1961/ounce. In fact, judging from the policy of the United States, the United States is working hard to maintain a low price for international crude oil and at the same time show that its inventory is sufficient, in order to dispel the market's enthusiasm for the crude oil market. This may not be friendly to U.S. energy stocks, but compared with U.S. national policy, there is no way. Although the leaders of the two countries met, the trend of gold continued to rise during the day. It seems that the Middle East issue has not yet been effectively resolved.
Of course, the short-term Middle East issues will not affect the current risk market for the time being. The CME Bitcoin Futures Index still has a clear bullish sentiment, maintaining a 300-point positive price difference with the spot. After last night’s surge, people’s enthusiasm for the market continues to ignite. Let’s take a look at what changes this round of Bitcoin’s rise has brought to the crypto market!