The yield of the US 10-year treasury bond bond rose to 5.081%, the highest level since July 17, 2007.

Bloomberg analyst Mike McGlone is skeptical about Bitcoin's recent rise, believing that its fundamentals are weak and facing strong resistance. (Source: Bloomberg)

BCH's trading volume has increased to 3.3 times the average level of the past 7 days in the past 24 hours, with a cumulative price increase of 47.3%. It is now reported at $342.1 and currently ranks first on the AiCoin hot search list. The significant amplification of transactions accompanied by price strength usually reflects an increase in capital participation and the dominance of long positions. At the current stage, the flow of funds, transaction structure, and the movement of large amounts of funds deserve special attention. By using AiCoin PRO's "Main Large Orders" and "Main Transactions", one can further observe the buying and selling situation of large funds, the price range of transactions, and the sustainability of funds. The above content is for reference only and should not be used as any investment advice

In the past 4 hours, there has been a large-scale liquidation in the cryptocurrency market, with long positions losing $284 million.

The initial value of the US September composite PMI output rose to 58.4, reaching a new high since July 2021, as manufacturing and service sector activity expanded. The new order index rose to 58.2, the enterprise input procurement price index rose to 66.4, and supply chain delays pushed up enterprise costs. After the data was released, spot gold fell below $4300, the US dollar index rose above $101, and the 10-year US Treasury yield returned above 5%. The Federal Reserve raised its benchmark interest rate by 25 basis points last week to 3.75% to 4.00%. (Source: S&P Global)