The US stock market opened quite steadily today, with all three major indexes in the green—Dow Jones up 0.11%, S&P 500 up 0.21%, and Nasdaq up 0.31%.

Interestingly, Meta surged over 5%, mainly because Zuckerberg is planning to significantly slim down the metaverse project, cutting the budget by as much as 30%. The market clearly favors this kind of “stop-loss” signal. In addition, a certain brokerage platform also jumped 8.5%, with third-quarter revenue soaring 73% year-over-year, delivering an impressive earnings report.

To be honest, the correlation between the crypto market and US stocks is getting stronger. When US stocks rise, the crypto space is likely to follow; when US stocks fall, crypto also takes a hit. If this trend continues, crypto assets are likely to keep moving up 📈