📊 Bitget UEX Daily | US Stocks Retreat; Fed Minutes Signal Inflation Concerns; Crypto Market Cap Drops Over 5% 🔥
October 8, 2026

↗️ Market Snapshot
All three major US indexes closed lower on October 7. The Dow fell 0.66%, the S&P 500 declined 0.22%, and the Nasdaq lost 0.22%. Among the Magnificent Seven, four stocks advanced and three declined, with Amazon gaining 1.41% and Meta falling 2.41%. Rising Treasury yields and AI financing concerns weighed on market sentiment.

📈 Key Prices | October 7 US Session
Spot gold: approximately $4,113.89 per ounce.
Brent December 2026 futures: approximately $100.20 per barrel.
Gold was quoted at 2:12 p.m. EDT on October 7; Brent reflects the October 7 settlement.

💫 Cryptocurrency Performance
BTC: Approximately 83,319.82 USDT;
ETH: Approximately 2,581.07 USDT;
Total Cryptocurrency Market Capitalization: Approximately $2.848 trillion, down 5.24% over 24 hours.

📲 Market Takeaway
BTC and ETH declined together. BTC remained approximately 10% above Strategy's disclosed average acquisition cost, but the absence of a current liquidation map prevents a reliable assessment of which side of the market faces greater concentrated liquidation risk. No conclusion about liquidation-zone and institutional-cost confluence is warranted.
🔥 Market Highlights
🔴 Fed / Macro: September meeting minutes showed that most officials considered further tightening potentially necessary this year. Persistent inflation and resilient demand have kept long-term yields elevated, weighing on growth-stock valuations.
🔴 Tech / AI: SpaceX is seeking approximately $40 billion in financing to purchase Nvidia AI chips, highlighting the growing scale of AI infrastructure investment. Financing and purchase commitments remain unconfirmed.
🔴 Energy / Policy: The IEA announced plans to accelerate previously agreed strategic petroleum reserve releases, pushing Brent crude down to $100.20. Middle East supply risks remain a constraint on further price declines.
🔴 Crypto Regulation: The CFTC is seeking public comments on a federal framework for leveraged and financed crypto-asset transactions. No final rule has taken effect.

🏛 Institutional View
BlackRock Deputy Chief Investment Officer of Global Fixed Income Russ Brownback argued that the Fed's September rate hike did not establish a predetermined tightening cycle. Future decisions will depend on inflation and economic data, while long-term Treasury yields remain an important factor for risk-asset valuations.

🔗Source：https://www.bitget.com/news/detail/12560605929029

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