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Take a quick look at the global market performance after the close on January 15th.
On the crypto side, things are not very optimistic. Bitcoin and Ethereum both declined, with drops of 1.41% each. Litecoin fared even worse, plunging by 5.65%. Short-term selling pressure still seems significant. Meanwhile, the US dollar is rebounding, with the index rising 0.3% to re-stand above 99.35 points, which is not a good sign for digital assets.
On the macro front, traditional assets are moving separately. Precious metals are somewhat weak; spot gold only fell by 0.24%, while silver declined more sharply at 0.82%. When the dollar is strong, gold usually behaves like this. Crude oil is having a rough time, with WTI down 3.08% and Brent dropping 2.48%, as the market worries about demand prospects.
Stock markets are still doing okay; Dow Jones rose 0.6%, S&P 500 increased by 0.26%, and Nasdaq gained 0.25%. Most European indices also moved higher. It seems that risk assets and crypto are still out of sync.
This is outrageous. The stock market is happily rising, while our coins are in a bloody battle. When will we be able to synchronize?
It's another case of the US dollar's strong suppression. When will it be our turn to turn things around?
With such fierce selling pressure, it seems like there will be more drops. Enjoy the show, everyone.
Stock market up, crypto down—this combination is really unbeatable. It's just our bad luck, right?
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Why did the stock market rise while crypto fell? The rhythm is a bit too inconsistent.
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BTC and ETH are both falling; it looks like we still have to endure.
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Whenever the dollar rebounds, crypto doesn't have a good day. This pattern is too stable.
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Risk assets and crypto are moving out of sync... Basically, it's the dollar causing the trouble.
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Litecoin's plunge this time—are some people buying the dip at the bottom?
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Dollar at 99.35, gold is also taking a hit. It seems the strong dollar cycle isn't over yet.
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Crypto is again being held down by the dollar. When will it turn around?
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Stock markets are rising happily, while crypto is crying and falling. Why is it always like this?
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There are quite a few short-term sell-offs... Is someone cutting losses, or are institutions offloading?
Litecoin dropped by 5.65% directly, why is the selling pressure so fierce?
When the dollar strengthens, cryptocurrencies are unaffected—I've seen this routine so many times.
Wait, stocks go up while crypto falls? Risk assets should move in the same direction—what's going on?
In the short term, we probably have to keep taking hits. If the dollar doesn't turn around, crypto won't be able to bounce back.