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Gate Ventures: U.S. stocks halted their decline and rebounded as oil prices fell; institutional access narratives in the crypto market gained momentum

PANews September 29 reported that, according to Gate Ventures’ latest weekly report, strength in technology stocks, together with a sharp decline in energy prices, supported the end of the U.S. stock market’s losing streak and its rebound. The S&P 500, Nasdaq, and Dow Jones indices rose by 1.21%、2.06%、0.28%. Driven by robust business activity and inflation expectations, the 10-year U.S. Treasury yield rose to 5.17%, while spot gold came under pressure and fell 2.13%to 4,284.97 USD/oz. Crypto market allocations increased, with spot Bitcoin ETF holdings increasing by approximately 5,890 BTC, and spot Ethereum ETF holdings increasing by approximately 9,486 ETH. Among individual coins,SUI surged by 36%;BCH rose on news that CME plans to launch futures and that Grayscale had applied for a spot ETF, driving an increase of 29%. Industry developments...

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