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Crypto-Linked Stocks Are Falling Today: What's Going On?
Federal Reserve's Daly: Cryptos should be regarded as independent Assets and should not be confused with Gold.
The President of the San Francisco Federal Reserve, Daly, stated that Cryptos should be regarded as an independent asset class, rather than being mixed up with Gold as people often see.
Federal Reserve's Daly criticizes Cryptos: they cannot be equated with Gold, and are still far from becoming a 'currency'!
① San Francisco Fed President Daly believes that Cryptos should be seen as an independent asset class, rather than being mixed up with Gold. ② Daly stated that Cryptos are complex and are not yet ready to become "currencies."
Top Gap Ups and Downs on Monday: AR, DJT, MSTR and More
U.S. stocks closed: The S&P and Nasdaq fell more than 1% for two consecutive days as the shadow of the debt ceiling looms.
① The three major indices of the US stock market continue to decline, with most tech giants weakening, and Chinese concept stocks generally closing lower; ② The issue of the USA debt ceiling is back on the table, pressuring market sentiment; ③ Ackman "promotes goods," leading to a surge in the stock prices of Fannie Mae and Freddie Mac; ④ Hesai Technology's Lidar delivery has reached a milestone.
Is confidence in the Call weakening? MicroStrategy (MSTR.US) continues to see a decline in weekly Bitcoin purchases.
MicroStrategy's latest Bitcoin purchase data was disclosed on Monday, indicating a further decrease in its weekly purchasing volume compared to before.