4E: US stocks close February gloomy, Trump "shills" crypto market boom – This week's focus is on non-farm payroll report and crypto conference

Followin' data from 4E, due to the impact of unfavorable economic data and Trump's trade policy, the U.S. stock market closed February with a rather negative result. Nasdaq led the decline with a drop of nearly 4%, marking the worst month since April last year. The S&P 500 index fell 1.42% during the month, while the Dow Jones lost 1.58%. The seven tech giants witnessed a four-day losing streak at the beginning of last week, causing stock prices to plummet across the board, only to show signs of recovery on Friday. In the whole week, Tesla fell the most at 13.27%, followed by Nvidia's 7.07% loss. The total market capitalization of this group has evaporated $2.2 trillion compared to the peak in December. The cryptocurrency market experienced strong volatility: a sharp decline last week, but a quick recovery after Trump voiced his support. Last week, the cryptocurrency market went through a strong correction due to the impact of U.S. trade policy, unfavorable macroeconomic data, the token lockup of the SOL organization, and the outflow of capital from spot ETFs at the highest level of the week. Bitcoin (BTC) fell to its lowest level since November 11 last year, touching a low near $78,000. ETH and SOL plummeted, and many other altcoins also fell to their historical lows. When the market was in a state of extreme panic, on Sunday, former President Donald Trump unexpectedly voiced his support by posting a message calling for BTC, ETH, XRP, SOL, ADA to be included in the national cryptocurrency reserve strategy. Immediately after, the market reacted strongly with a significant recovery. Bitcoin (BTC) quickly broke through $95,000, marking a strong recovery after a deep plunge. As of the time of writing: - BTC is up 8.5%, trading around $92,969 - ETH is up 11%, reaching $2,439 - SOL is up strongly by 20%, reaching $171 - ADA is up sharply by 60%, reaching $1.06 - XRP is up 24%, trading at $2.78 Trump's support has boosted market sentiment, helping cryptocurrencies recover strongly! Foreign exchange and commodity markets: - The U.S. dollar continued its downward trend, with a cumulative decline of about 0.8% in February. - International crude oil prices, after two consecutive months of increases, adjusted lower in February, with a decline of more than 3%, marking the largest monthly decline since September last year. - Spot gold prices fell more than 2.7% last week, but still rose more than 2.1% in February as a whole, indicating that safe-haven demand remains quite strong. Many recent U.S. economic data have shown unfavorable results, making investors increasingly concerned about the risk of stagflation. However, the U.S. core PCE report for January released last week was in line with expectations, somewhat alleviating concerns about inflation. This week, the market will focus on the following important events: - U.S. non-farm payroll report for February - Fed's Beige Book (economic assessment) - Speech by Fed Chair Jerome Powell - White House Cryptocurrency Summit eeee.com is a financial trading platform that supports cryptocurrencies, stock indices, gold, and foreign exchange. It has recently launched the Earn USDT product with an annual yield of 8%, providing a potential risk-hedging option for investors. 4E recommends that investors closely monitor market fluctuations and allocate assets reasonably to minimize risks.