4E: US Stocks Continue Recovery Rally, Crypto Market Faces Downward Volatility

BlockBeats News, February 5th. According to 4E Monitoring, on Tuesday, the three major U.S. stock indexes collectively closed up, continuing the rebound from Monday's V-shaped reversal, and strong corporate earnings also boosted investor sentiment. As of the close, the Dow rose 0.3%, the S&P 500 rose 0.72%, and the Nasdaq rose 1.35%. Large-cap tech stocks rose across the board, with Apple, Tesla, and Google up over 2%.

In the midst of a volatile cryptocurrency market, Bitcoin was struggling to hold above the $100,000 mark earlier, but due to David Sacks' speech not providing specific details on the U.S. Bitcoin reserves and the escalating trade tensions between China and the U.S. increasing market uncertainty, Bitcoin experienced a significant pullback, dropping to around $96,000 earlier this morning. In the wake of Bitcoin, altcoins generally fell. Ethereum fell 3.2% in the past 24 hours, currently trading at $2,718, while SOL fell 4.5% to $205. Bitcoin's market dominance has risen from a low of 53% in December to 61%, hitting a four-year high. The increase in market dominance indicates that more and more funds are shifting from altcoins to Bitcoin.

Currently, investors are focusing on Friday's U.S. non-farm payroll data, speeches by several Fed officials, and the latest developments in the U.S.-China trade war. This week is also a busy earnings season for U.S. stocks. According to industry statistics, among the 211 S&P 500 index components that have reported fourth-quarter earnings, 76.8% of companies have outperformed analysts' expectations, with strong corporate earnings boosting investor sentiment.