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Bitcoin fell below $90,000, and the cryptocurrency market lost $1.2 trillions in six weeks. Stablecoins, criticized for disguising risks as safety, have been identified as potential triggers for a financial crisis, and the GENIUS Act could increase these risks. Summary generated by Mars AI. This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
Global risk assets have experienced a significant decline recently, with both the US stock market and the cryptocurrency market plunging simultaneously. This is mainly due to investor fears of an AI bubble and uncertainty surrounding the Federal Reserve's monetary policy. Concerns over the AI sector intensified ahead of Nvidia's earnings report, while uncertainty in macroeconomic data further increased market volatility. The correlation between Bitcoin and tech stocks has strengthened, leading to split market sentiment, with some investors choosing to wait and see or buy the dip. Summary generated by Mars AI. The accuracy and completeness of the content generated by the Mars AI model are still being iteratively improved.
Due to the uncertainty surrounding the Federal Reserve’s decision in December, it may be wiser to act cautiously and control positions rather than attempting to predict a short-term bottom.