4E Exchange: Major U.S. Stock Indices Fall Across the Board, Crypto Market Plummets, Stablecoin Investment Products Emerge as Potential Safe Haven

September 7 – According to 4E Exchange monitoring, the three major U.S. stock indices fell sharply on Friday. The first trading week of September saw the Nasdaq drop 5.77%, marking its largest weekly decline since January 2022. The S&P 500 fell 4.25%, and the Dow Jones Industrial Average dropped 2.93%, both recording their biggest weekly losses in a year and a half. The cryptocurrency market also experienced a sharp decline, with Bitcoin down more than 10.51% over the week and Ethereum down 13.84%.

The weaker-than-expected U.S. non-farm payroll growth for August, combined with recent stock market volatility, has left the market on edge, where any perceived flaw is amplified. While the market anticipates that the Federal Reserve will begin a rate-cutting cycle this month, Fed officials have not clearly indicated a commitment to a 50-basis point rate cut in September, leading to some disappointment. Historically, September is a poor-performing month for both U.S. equities and cryptocurrencies, and current market confidence indicators remain weak.

Against this backdrop, eeee.com has introduced a USDT stablecoin investment product, offering investors a potential safe haven and an opportunity to earn stable returns amid market turbulence.