Market Volatility Intensifies: All Three Major U.S. Stock Indices Fall, Crypto Market Under Pressure

Ahead of the FOMC decision, panic spreads across the market. The three major U.S. stock indices all close lower together, and safe-haven funds accelerate their exit.

Key U.S. Stock Data (April 29)

Dow Jones Index: 49141.93 points, down 0.05%

Nasdaq Index: 24663.80 points, down 0.90%

S&P 500 Index: 7138.80 points, down 0.49%

Key Triggers for the Decline

1. OpenAI earnings shock: It failed to meet revenue and user growth targets. The CFO questioned the feasibility of the IPO, confidence in the AI sector collapsed, and the semiconductor sector plunged 3.58%.

2. Pre-Fed decision panic: Powell’s final rate-setting meeting within his term. Policy uncertainty has increased, and investors’ wait-and-see sentiment is strong.

3. Crypto market linkage pressure: In the $77000–80000 range, sell-side liquidity for BTC is dense. Selling pressure is heavy, and a clear pattern of rallying and then pulling back is evident.

Impact on the Crypto Market

With macro negative factors resonating together, BTC’s upward momentum runs out. $77000 becomes a strong resistance level; sell orders pile up above, making it difficult to break through in the short term. Combined with expectations that the Fed leadership will change, market volatility soars, spike-and-pin price action occurs frequently, and risk control needs to be strictly managed.$BTC $GT $DOGE