#SOL Recently, the Crypto Assets market has experienced a strong pump. On October 5th, the price of Bitcoin broke the $125,000 mark and subsequently reached a historic high of $126,000, with a single-day rise of over 2%. Other Digital Money also followed suit, with Ethereum rising over 1%, DOGE and SOL both rising over 2%, while the rise of HYPE was close to 4%.


However, behind the market's frenzy lies enormous risks. According to CoinGlass data, approximately 120,000 traders globally were liquidated in the past 24 hours, with a total liquidation amount reaching $347 million, fully reflecting the intense struggle between the bulls and bears in the current market.
The recent pump in the crypto assets market is closely related to the U.S. government shutdown. Since October 1, when the U.S. federal government entered a "shutdown" state due to depleted funds, the release of several important economic data has been forced to be postponed. The September non-farm payroll report has already been confirmed to be unable to be published on time, and the market is also worried that the September CPI data may face delays. This vacuum of economic data has created a breeding ground for market speculation.
At the same time, the internal divisions within the Federal Reserve regarding monetary policy are also intensifying. Some officials advocate for maintaining high interest rates to curb inflation, while others are concerned that excessive tightening may trigger an economic recession. This policy uncertainty further exacerbates market volatility.
It is worth noting that not only is the crypto assets market active, but traditional safe-haven assets such as gold have also seen a significant rise. This phenomenon reflects that investors, when faced with political and economic uncertainty, tend to seek diversified portfolios to mitigate risks.
However, experts remind investors to remain vigilant. Although the crypto assets market may continue to be strong in the short term, the concentrated release of economic data after the government shutdown ends may trigger significant market fluctuations. In addition, the Federal Reserve's policy direction remains a key factor affecting the market, and investors need to pay close attention to related movements.
Overall, the current prosperity of the Crypto Assets market is both an opportunity and a challenge. While investors grasp potential gains, they should also fully recognize the risks involved and adopt a prudent investment strategy.
SOL-0.59%
BTC-2.19%
ETH0.17%
DOGE-3.8%
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