深夜，全线崩跌！发生了什么？

Market Overview - The U.S. stock market experienced a significant downturn, with the Dow Jones Industrial Average dropping nearly 1%, and major tech stocks like Broadcom, Google, Microsoft, and Meta falling over 1% [1][2] - The decline in the stock market is linked to a sharp sell-off in the cryptocurrency market, highlighting the correlation between cryptocurrencies and high-risk assets [1][3] Cryptocurrency Market - On December 1, the cryptocurrency market faced severe selling pressure, with Bitcoin dropping below $84,000, marking a decline of over 5%. Other cryptocurrencies like Ethereum, XRP, and HYPE fell more than 7% [1][3] - The total liquidation in the cryptocurrency market reached nearly $1 billion within 24 hours, affecting over 273,200 traders [1] Key Data Points - Bitcoin's price was reported at $86,384.6, down 5.23%, with a 24-hour trading volume of approximately $137.6 billion. Ethereum was priced at $2,795.82, down 7.62%, with a trading volume of about $85.9 billion [4] - The cryptocurrency market is facing structural headwinds, particularly due to weak inflows into Bitcoin ETFs and a lack of buying interest at lower prices. The $80,000 level for Bitcoin is identified as a critical support point [4] Economic Indicators - Recent data from the U.S. ISM Manufacturing PMI indicated a contraction in factory activity, with a reading of 48.2, below the expected 49. This marks the ninth consecutive month below the neutral level of 50, indicating ongoing challenges in the manufacturing sector [7][8] - The November new orders index fell to 47.4, the fastest contraction since July, reflecting weak customer demand [7] - The market anticipates potential interest rate cuts from the Federal Reserve, with an 87.6% probability of a 25 basis point cut in December [8]