Bitcoin has fallen below 90,000 dollars multiple times. I'm here to showcase the powerful wealth-building effect.

The US stock market is bubbling beneath a calm surface, with tech stocks that surged last year being sold off one after another, as investors shift their money into energy producers, consumer goods companies, and small-cap stocks. The cryptocurrency market experienced a correction yesterday, with Bitcoin (BTC) repeatedly falling below $90,000 amid volatility, but before press time, it rebounded above $91K. The Altcoin Season Index rose back to 43, and the Chinese crypto community has recently demonstrated a strong wealth-creating effect once again. A new meme coin called “I’m Coming” surged over 400% in the past 24 hours, thanks to an interactive comment from Binance founder CZ on social media.

Sector rotation continues as the market awaits non-farm payrolls and tariff rulings

Beneath the calm on the surface, the US stock market is bubbling with activity. Tech stocks that soared last year are being sold off, with investors pouring into energy producers, consumer goods companies, and small-cap stocks. The global bond market’s rally has also stalled.

(From the turmoil in Venezuela’s political situation, a glimpse of five US-listed oil companies in the Gulf that are expected to benefit)

The Nasdaq 100 index fell 0.44%, ending a three-day winning streak. Tech giants Nvidia and Apple saw significant declines, while the S&P 500 remained roughly flat. Defense stocks surged sharply on the boost from President Trump’s increased military spending plans; meanwhile, the small-cap index hit a new all-time high as investors continued to sell off tech stocks.

December US job cuts fell to their lowest in 17 months, possibly easing concerns about further economic slowdown. As a result, the yield on the 10-year US Treasury rose to 4.18%. Weekly initial unemployment claims increased less than expected.

Investors are also awaiting the US non-farm payroll data to be released on Friday to assess the possible trend of interest rates this year. The currency market expects at least two rate cuts of 25 basis points each. Geopolitical tensions remain a focus, with markets closely watching US efforts to gain control of Greenland and developments in Venezuela.

Additionally, the Supreme Court will rule on President Trump’s global tariff policies.

Bitcoin repeatedly falls below $90,000, “I’m Coming” demonstrates strong wealth-creating effects

The cryptocurrency market experienced a correction yesterday, with Bitcoin (BTC) repeatedly falling below $90,000 amid volatility, but before press time, it rebounded above $91K.

The Altcoin Season Index rose back to 43, and the Chinese crypto community has recently demonstrated a strong wealth-creating effect once again. A new meme coin called “I’m Coming” surged over 400% in the past 24 hours, thanks to an interactive comment from Binance founder CZ on social media.

The Trump family’s crypto platform, World Liberty Financial (WLFI), officially applied for a banking license with US regulators, aiming to further expand institutional adoption of its stablecoin USD1. The goal is to fully integrate the issuance, custody, and exchange processes of the stablecoin into its own system, no longer relying entirely on third-party crypto service providers. WLFI has gained 17% in a week and 32% over three months.

(Trump family’s World Liberty Financial applies for a banking license, plans to fully control USD1 operations)

This article, “Bitcoin repeatedly falls below $90,000, ‘I’m Coming’ demonstrates strong wealth-creating effects,” first appeared on Chain News ABMedia.