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US stocks plunged sharply on Thursday, with the Dow Jones Industrial Average falling over 600 points. Nvidia surpassed $1,000 for the first time, setting a new record high, but it was unable to prevent a broad decline in US stocks.
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The current market gives me the feeling that there are positive developments everywhere. The US regulatory environment is favorable towards digital currencies, and the Ethereum ETF has undergone a complete 180-degree turnaround and was approved immediately.
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Bitcoin and Ethereum are still at a high level, and after the ETF is passed, Bitcoin essentially becomes "an American stock", with global funds supporting it, but the funds of the ETF will not buy altcoins. Regardless of this factor, the crypto market may already be in a bear market, with many altcoins
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