The Nasdaq China Golden Dragon Index fell during the day, having risen nearly 5% at one point.
According to Forbes, bitcoin and cryptocurrency prices temporarily stabilized after a near-collapse yesterday, but market sentiment remained tight. The sudden sell-off raised investor fears of a "financial crisis". Bitcoin prices fell sharply to around $100,000 before recovering to around $102,000, but the overall market remained sluggish. Sentiment remained weak despite BlackRock CEO Larry Fink's blockbuster announcement of a sovereign wealth fund.
As bitcoin fell more than 5% at one point, U.S. cryptocurrency stocks fell, ProShares Bitcoin Strategy ETF and iShares Bitcoin Trust fell 3.7%. COINBASE GLOBAL fell 4.3%, BITFARMS fell 6.8%, and MICROSTRATEGY fell 4.2%.
On December 5th, Bitcoin soared by nearly 6% today, breaking through 104,000 US dollars at one point, setting a record high. Coinglass shows that in the past 24 hours, nearly 200,000 people in virtual currency have liquidated their positions. The sharp rise of Bitcoin is mainly related to the global interest rate cut cycle, investors' increased risk appetite, and Trump's continued support. Trump once said in his election speech that he would establish a national strategic reserve of Bitcoin.
Class A shares of the three major stock indexes across the board turned green, previously rose more than 1%.
On September 13, the new shares of the Beijing Stock Exchange continued to rise, rising nearly 500% at one point, and the share price exceeded 44 yuan.
Intel (INTC. O) U.S. stocks rose in overnight trading, rising nearly 5% at one point. On the news, the company is reported to be studying various options such as divesting its manufacturing business to cope with the most difficult period in history.
Bitcoin rose by 5.00% during the day and is now trading at $56,724 per coin.
The dollar continued its decline against the yen USD/JPY, reaching 146.42 at one point, the lowest level since February 2.