TechFlow news, January 9: According to 4E monitoring, markets weighed inflation pressures against rate cut expectations. US stocks fluctuated throughout Wednesday, with the S&P and Dow Jones slightly up while the Nasdaq edged down. Large-cap tech stocks were mixed—Tesla closed up 0.15%, while Nvidia turned negative after earlier gains. Crypto-related stocks Coinbase and MicroStrategy fell 1.6% and 2.85%, respectively. The crypto market plunged again at midnight, with Bitcoin briefly spiking down to $92,500—a yearly low—while Ethereum narrowly held above $3,200. Conditions improved somewhat by morning, with prices gradually recovering. At time of writing, Bitcoin was trading at $94,454, down 2.75% over 24 hours, while Ethereum showed relative strength at $3,334, down 1.81%. Amid two days of broad market declines, DeFai tokens—coins combining DeFi and AI Agent narratives—rose逆势 (counter-trend), drawing clear capital inflows. In forex and commodities, the US dollar index rose for a second consecutive day. The British pound dropped 0.9% to its lowest level since April last year, while the Japanese yen fell to a near six-month low. A stronger dollar pressured international oil prices down over 1%. Weaker-than-expected employment data pushed spot gold up about 0.5% to a nearly four-week high. The minutes from the Fed's December meeting revealed that nearly all participants expressed concerns about upside inflation risks and potential impacts from Trump's proposed tariff plans, indicating the Fed may be at or approaching a point where it should slow the pace of easing. Markets expect rates to remain unchanged at the upcoming end-of-month meeting, with the first rate cut potentially occurring in June.
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