NVIDIA leads the tech stocks, Bitcoin returns to 123K, and participants are holding BTC long-term.

Nvidia ( leads the rise of US tech stocks, with the Nasdaq first breaking through the 23,000 point mark. The crypto market rebounded alongside the stock market; although Bitcoin set a historical high of 126K on Monday, Bitcoin holders' cumulative net profit over the past 30 days is far lower than previous levels, indicating that market participants are holding Bitcoin rather than cashing out. This pattern suggests that "Bitcoin may continue to rise and has not yet peaked."

NVIDIA leads the rise in tech stocks, Jensen Huang is optimistic about AI demand.

Nvidia ) leads the rise of US tech stocks, with CEO Jensen Huang stating that the demand for the Blackwell chip is "very, very high." He also confirmed that Nvidia participated in the funding of Elon Musk's AI startup xAI and expressed that he is "very excited about the funding opportunities they are pursuing."

The US government continues to be shut down.

Due to the U.S. government shutdown, there has been little economic data released recently. Investors closely examined the Federal Reserve's latest meeting minutes on Wednesday, where officials expressed a willingness to further lower interest rates this year. However, many expressed caution due to concerns about inflation.

According to the CME FedWatch Index, investors generally believe that the Federal Reserve will cut interest rates by two basis points again this year, consistent with the last published dot plot.

The U.S. government shutdown has entered its eighth day on Wednesday (10/8), as the Senate again rejected two temporary funding bills. This vote marks the Senate's sixth failure to advance legislation to restart the government.

So far, the shutdown has not had a significant impact on the stock market, but considering the potential shocks to the U.S. economy, the longer the shutdown lasts, the greater the risks to market sentiment. U.S. President Trump stated on Tuesday that not all federal employees forced to take leave will receive back pay, "it depends on who we are talking about."

The crypto market is rebounding, and participants are holding Bitcoin instead of cashing out.

The crypto market rebounded along with the stock market, with Bitcoin's dominance maintained at 58.2, and the Fear and Greed Index returned to the neutral range of 55.

Although Bitcoin reached a historic high of 126K on Monday, on-chain analytics firm CryptoQuant stated that Bitcoin holders have accumulated a net profit of only 30 billion USD over the past 30 days, far below July's 63 billion USD and the previous peak of 99 billion USD. This indicates that market participants are holding onto Bitcoin rather than cashing out, and this pattern suggests that "Bitcoin may continue to pump and has not yet peaked."

Funds continue to flow into crypto ETFs, S&P Global's S&P Dow Jones Indices ( announced the launch of the world's first index that covers both cryptocurrencies and crypto-related stocks, the "S&P Digital Markets 50", which combines 15 major cryptocurrencies and 35 related company stocks, allowing investors to invest in the crypto market more easily.

)S&P Global has launched the "Digital Market 50": the first hybrid index combining encryption coins and encryption concept stocks(

This article reports that NVIDIA leads the tech stocks, with Bitcoin returning to 123K. Participants are holding BTC for the long term, first appearing in Chain News ABMedia.