Bitcoin once surged by over 10%, with 40000 people selling out. What happened? The Dow has risen by over 300 points, and Federal Reserve officials have "let go": further interest rate hikes should not be considered

According to media reports, the Federal Reserve has stated that the Fed should not consider further interest rate hikes. Huck said that the Federal Reserve should maintain interest rates unchanged without turning economic data; The interest rate hike may have ended, and inflation is expected to weaken.

As of the close on October 16th local time, the three major US stock indices have collectively closed higher, with the Dow up 314.25 points, or 0.93%; The Nasdaq rose 1.2%; The S&P 500 index rose 1.06%.

Popular technology stocks rose generally, with Amazon and Meta rising more than 2%, while Microsoft, Google, Nvidia, and Tesla rose more than 1%. Financial groups, clothing manufacturing, industrial raw materials, and retail sectors led the way in growth, with Cole's department store rising by over 7%, Andema A rising by over 5%, and Macy's department store rising by over 3%. Pharmaceutical retail, precious metals and mining, and oil and gas drilling led the decline, with Moderna falling more than 6% and Silvercorp falling more than 3%.

Spot gold fell below $1920 and broke off a three week high

COMEX December gold futures closed 0.37% lower at $1934.30 per ounce, while silver futures fell more than 0.5%, continuing to fall below the full range of $23.

Spot gold fell 0.7% at the beginning of the US stock market and fell within the integer range of $1920. It had earlier briefly risen by nearly $10 and broke the $1930 mark, while at one point it fell below $1910, breaking off a three week high since September 20th.

Spot gold off a three week high

Due to strong demand for hedging and short covering, gold jumped 3.4% last Friday, marking its largest daily gain in seven months and triggering profit taking. Analysis suggests that concerns about the potential escalation of the Middle East conflict will keep gold prices above $1900 per ounce.

Oil prices fell by more than 1% to break away from over a week's high, and oil distribution missed $90

WTI November crude oil futures closed down $1.03, or 1.17%, at $86.66 per barrel. Brent December crude oil futures closed down $1.24, or 1.36%, at $89.65 per barrel.

The December futures with more active trading in the WTI of Meiyou fell as much as $1.32, or 1.5%, reaching a daily low of $85, erasing nearly half of last Friday's gains and breaking away from a high of over a week. Brent fell as much as $1.38, or 1.5%, missing the psychological integer of $90.

Oil prices fell by more than 1% to break away from over a week's high, and oil distribution missed $90

Last Friday, both oil prices rose nearly 6%, making last week's oil distribution increase by 7.5% and WTI increase by 5.9%. Investors worried that Iran was involved in a new round of Palestinian Israeli conflict, which further escalated the geopolitical risks since last year's Russia-Ukraine conflict.

Bitcoin once surged by over 10%

Bitcoin once surged by over 10%3284342%1580

Bitcoin soared by 10% and broke through $30000 at one point, then quickly wiped out all gains and regained momentum in the late trading session

According to COIN data, a total of 40000 people have sold out in the past 24 hours, with over 1.8 billion yuan of funds evaporated.

According to China News Agency, Bitcoin has encountered an Oolong incident on the news surface. On October 16th, social media reported that the SEC had approved BlackRock's spot Bitcoin ETF application, and Bitcoin prices had skyrocketed to nearly $30000. According to the Wall Street Journal on the 16th, BlackRock stated that it has not yet made a decision on its ETF application. A spokesperson for BlackRock stated that "iShares spot Bitcoin ETF applications are still under review by the US Securities and Exchange Commission (SEC)." The latest news is that FOXBusiness reporter Eleanor Terrett stated that the SEC has confirmed that Cointelgraph's initial report on Bitcoin spot ETFs was approved as false interest.

Last week, Bitcoin fell 4.3%, marking its worst performance on August 18th and its first weekly decline in six weeks.

Federal Reserve officials "raise the pigeon": the Federal Reserve should not consider further interest rate hikes

According to media reports, the Federal Reserve has stated that the Fed should not consider further interest rate hikes. Huck said that the Federal Reserve should maintain interest rates unchanged without turning economic data; The interest rate hike may have ended, and inflation is expected to weaken.

The market is waiting for Federal Reserve Chairman Powell's speech this week, as well as US real estate and retail sales data. Famous large companies such as Johnson&Johnson, Bank of America, Netflix, and Tesla will release financial reports, partially igniting optimism and risk appetite.

Investors also continue to pay attention to the impact of the Israeli conflict on global financial markets and the energy industry. It is widely expected that Israel will launch a ground attack on the Gaza Strip this week. If Iran and others escalate the conflict, it will bring more uncertainty and risk aversion panic.

Inflation concerns have pushed up European bond yields. European Central Bank President Lagarde has stated that he is concerned about the inflation risks posed by the new round of Palestinian-Israeli conflict through oil prices. The hawkish vote committee and Bundesbank President Negl said over the weekend that inflation is still too high and monetary policy needs to maintain a level of economic restraint.

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