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It's that familiar rhythm of US stocks pulling back and crypto assets rebounding. Today's stock market decline is coming from all directions, and it's no longer just a banking sector issue.
The payments sector is at the forefront—both Visa and Mastercard, the giants of credit cards, are showing signs of rebound, indicating that the market is digesting risks in this area. But the real drag on the index still comes from bank earnings reports. The profit data released by major banks generally fell short of expectations, dragging down the entire financial sector.
Technology stocks are also not improving. Heavyweights like Amazon, Tesla, and Microsoft are under adjustment pressure. In this environment, Bitcoin is strengthening against the trend—this contrast itself reveals many issues. Traditional finance is under pressure, while market demand for crypto assets is actually increasing.
From a macro perspective, this is not just daily volatility but a reallocation of assets by investors. Multiple sectors in the US stock market are signaling adjustments, and Bitcoin's performance precisely reflects some funds' interest in alternative assets.