The movement of leading assets like BNB and ETH is often closely linked to traditional financial markets. Today's performance of the US stock market is a typical example.
The opening was not smooth. The Dow Jones Industrial Average plunged 0.3%, the S&P 500 followed with a 0.05% decline, and the Nasdaq fared even worse, with tech stocks collectively weakening and falling by 0.12%. This is no small matter.
Where is the problem? Traders generally feel tense. The optimism at the beginning of the year seems to have dissipated, and investors are starting to scrutinize their holdings. Some say this is just a normal correction, but others worry it could be a prelude to larger volatility.
The real uncertainty lies ahead. Corporate earnings reports will be released one after another, and key economic data will also come out gradually, each potentially changing the market rhythm. Especially the performance of tech companies—how far this round of market movement can go largely depends on whether they can withstand the pressure.
For the crypto market, such volatility is also worth caution. The correlation between BNB, ETH, and traditional tech stocks is growing stronger, and every move in the US stock market could echo on the chain. Tonight’s trading session, someone is probably going to have a restless night again.
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SchrodingerAirdrop
· 01-09 01:52
Once again, it's tied to the US stock market... When can it become independent again?
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DeFiVeteran
· 01-09 00:57
Here we go again. When the US stock market sneezes, crypto catches a cold. I'm really tired of this kind of correlation.
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SatoshiSherpa
· 01-09 00:55
A sneeze in the US stock market, and the on-chain market catches a cold. The correlation is really becoming more and more absurd.
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OnchainHolmes
· 01-09 00:54
The US stocks jump, and the chain reacts immediately. This correlation is really becoming more and more absurd... I should have seen through this logic long ago.
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BlockchainFoodie
· 01-09 00:52
yo this is literally the same energy as when your blockchain supply chain crashes right before the michelin inspector shows up... tech stocks dumping = eth gonna follow, it's just farm-to-fork verification at this point
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SurvivorshipBias
· 01-09 00:46
Here we go again. When the US stock market sneezes, cryptocurrencies catch a cold. When will they become independent?
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MetaverseMortgage
· 01-09 00:46
The US stock market is starting to cause trouble again, and BNB is following along to be sacrificed. If this wave breaks below the support level, I will really change careers.
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ZkSnarker
· 01-09 00:42
well technically the correlation thing isn't exactly breaking news... we've been watching this since like 2021 lol. but yeah the real fun starts when those earnings reports hit and suddenly everyone realizes they've been holding bags of cope
The movement of leading assets like BNB and ETH is often closely linked to traditional financial markets. Today's performance of the US stock market is a typical example.
The opening was not smooth. The Dow Jones Industrial Average plunged 0.3%, the S&P 500 followed with a 0.05% decline, and the Nasdaq fared even worse, with tech stocks collectively weakening and falling by 0.12%. This is no small matter.
Where is the problem? Traders generally feel tense. The optimism at the beginning of the year seems to have dissipated, and investors are starting to scrutinize their holdings. Some say this is just a normal correction, but others worry it could be a prelude to larger volatility.
The real uncertainty lies ahead. Corporate earnings reports will be released one after another, and key economic data will also come out gradually, each potentially changing the market rhythm. Especially the performance of tech companies—how far this round of market movement can go largely depends on whether they can withstand the pressure.
For the crypto market, such volatility is also worth caution. The correlation between BNB, ETH, and traditional tech stocks is growing stronger, and every move in the US stock market could echo on the chain. Tonight’s trading session, someone is probably going to have a restless night again.