Investors are buying on dips, and Bitcoin's dominance is rising.

As the United States and China express their willingness to continue trade negotiations, the Middle East tensions ease, and the rise of artificial intelligence remains strong, the S&P 500 index has recovered from last Friday's big dump and created its best trading day since May. Funds are shifting to safer "large-cap coins," with Bitcoin's dominance rising to 58.4%. The altcoin season index continues to hover at the low level of 40, indicating that market confidence remains quite weak. Bitcoin (BTC) holds steady above 115K, Ether (ETH) gradually rises to $4,274, and SOL also returns to $208.

Investors are buying on dips, and the U.S. stock market is rebounding from a big dump.

As trade tensions ease, investors are gradually shedding concerns about a tech stock bubble, and the market rebound shows that the mentality of buying on dips remains deeply entrenched. OpenAI has agreed to purchase customized chips and networking equipment from Broadcom under a multi-year agreement, driving its stock price up by 10%.

Mark Hackett of Nationwide stated:

"Investors are still eager for investment opportunities, and if this recovery momentum continues, it will reinforce the idea that retail investors will not easily waver, and once again remind people that buying on dips is still effective."

After the Trump administration expressed a willingness to reach an agreement with Beijing to ease new trade tensions, and the Chinese Ministry of Commerce urged further negotiations to resolve outstanding issues, market risk appetite has strengthened.

The cryptocurrency market is recovering, and Bitcoin's dominance is rising.

The cryptocurrency market has risen by 1.27% in the past 24 hours, with the Fear and Greed Index rebounding from 31 ( fear) to 40 ( neutral). As funds shift towards safer "large-cap coins," Bitcoin's dominance has risen to 58.4%, while the altcoin season index continues to hover at a low of 40, indicating that market confidence remains very weak.

Bitcoin is holding steady above 115K, Ether is gradually rising to 4,274 USD, and SOL has also returned to 208 USD.

The U.S. government shutdown continues, and the market is focused on bank earnings reports.

As the U.S. government shutdown continues, the market still faces uncertainty. The consumer price index, originally scheduled to be released on Wednesday, will be postponed. However, today, major U.S. banks will kick off the earnings season for U.S. stocks. In the absence of official data, investors will be able to glean some insights from the banks' understanding of credit card losses, loan losses, credit quality, and consumer sentiment. Tesla will also announce its third-quarter results on October 22.

This article states that investors are buying on the dip, and Bitcoin's dominance is rising. It first appeared on Chain News ABMedia.