The total global cryptocurrency market capitalization is approximately $2.40 trillion, down about 3% to 5% in the past 24 hours. Bitcoin accounts for about 57% to 59%. The Fear and Greed Index is at 20, indicating extreme fear, further declining from 28 the previous day.  Major coin prices (data around 7 AM Beijing time, compiled from CoinGecko and other sources) • Bitcoin (BTC): about $68,000, down about 4.4% in the past 24 hours • Ethereum (ETH): about $1,920, down about 4.3% in the past 24 hours • Solana (SOL): about $77.40, down about 4.1% in the past 24 hours • BNB: about $627, down about 3.6% in the past 24 hours • XRP: about $1.00, down about 2.5% in the past 24 hours • Dogecoin (DOGE): about $0.0639, down about 2.8% in the past 24 hours HYPE is relatively resistant to decline (some data close to flat or slightly up), ZEC is around $925, with a smaller drop than mainstream coins.  Overnight highlights After the U.S. stock market closed and before the Asian morning session, the crypto market continued to decline. Bitcoin fell below $69,000, hitting about a three-month low (lowest since August), mainly influenced by the following factors: The Federal Reserve's December rate hike expectations have intensified. The CME FedWatch tool shows the market's probability of a 25 basis point rate hike in December is close to 90%, part

The tech sector weight dragged the index down again, but the market did not completely collapse. The Dow rose slightly by 0.1% to 52,347.55 points, the S&P fell 0.4% to 7,561.67 points, and the Nasdaq dropped 0.91% to 25,136.27 points. The weekly chart is still positive, with the S&P up 2.5%, the Nasdaq up 2.3%, and the Dow up 2.1% for the week, ending the previous four consecutive weeks of decline. What the market is really trading on is whether the AI story can continue after Huang Renxun's resignation. He suddenly resigned on Thursday, and on Friday Nvidia fell another 2%, the Philadelphia Semiconductor Index dropped 3.4%, AMD fell 8.8%, and Broadcom nearly 5%. These stocks have too much weight, directly holding down the Nasdaq and S&P. Meanwhile, more stocks are actually rising, with consumer defensive and energy sectors strengthening, as funds avoid tech and look for directions unrelated to AI and less sensitive to interest rate hike expectations. The October PPI month-on-month was lower than expected, but year-on-year still as high as 6.5%. After the data release, the market's pricing for a December rate hike barely moved, with at least 25 basis points still locked in. Inflation hasn't softened enough to ease concerns, and tech valuations have been reopened to doubt by the Huang Renxun incident. Without Huang Renxun, the market is still recalculating Nvidia's value. When it can't figure it out, the index will continue to swing with it. $ETH $BTC $ZEC #英伟达宣布黄仁勋辞去CEO职务