Market data for August 29:
1. Market capitalization has significantly decreased, with #Bitcoin's share slightly weakening as the overall market declines, ETH remains flat, and altcoins have only slightly dropped.
2. Trading volume continues to increase, with the largest increase in BTC, followed by ETH and altcoins.
3. On-chain retained funds increased by 1.6 billion, with a total market cap of 285.3 billion.
4. USDT: Official website data shows 167.356 billion, an increase of 25 million compared to yesterday. The Asian market continues to see capital inflow, but the overall magnitude has weakened.
5. USDC: Data from the website shows a market cap increase of 1.348 billion, with significant capital inflow in the US region.
Assessment:
The current market decline has not triggered panic; as the market drops, it still activates decent buy orders, leading to effective turnover, with significant capital inflow from the US region, which is favorable for the future market!
Global Financial Market Dynamics on August 29:
1. Gold has increased by 0.83% today, accelerating upward, currently priced at $3445 per ounce.
2. Crude oil prices have slightly retreated, currently priced at $67.42.
3. The US dollar index has slightly declined, currently at 97.78.
4. The price of 1-year US short-term bonds has risen due to increased expectations of interest rate cuts, with a 10-year increase of 0.88% and a 30-year increase of 1.11%. Long-term bonds are accelerating upward, with prices falling due to inflation leading to increased demand for long-end rates, resulting in higher yields.
5. US stocks opened lower, with the decline continuing to widen. Moderate inflation has not alleviated market concerns, and the decline has continued to expand after the opening.
6. The VIX index is at 15.42, still maintaining an optimistic range.
Assessment:
Currently, the dynamic changes in the global market mainly depend on tonight's PCE guidance. Inflation is stimulating demand for gold, while also guiding the increase in long-term bond yields.
The risk market is similar to what I mentioned earlier; under multiple factors, combined with Friday, the market is relatively conservative, focusing on defense tonight, waiting for negative sentiment to digest.
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