Market Volatility Intensifies, U.S. Major Indices Fall Together, Crypto Market Under Pressure

Ahead of the FOMC decision, panic spreads, and all three major U.S. stock indices close lower, with safe-haven funds accelerating their exit.

U.S. Stock Core Data (April 29)
Dow Jones Index: 49141.93, down 0.05%
Nasdaq Index: 24663.80, down 0.90%
S&P 500 Index: 7138.80, down 0.49%

Key Triggers Behind the Declines

1. OpenAI earnings shock—did not 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. Panic ahead of the Federal Reserve decision—Powell’s last rate meeting during his term; policy uncertainty intensifies, and investors’ wait-and-see sentiment is strong.
3. Crypto market spillover under pressure—BTC faces dense seller liquidity in the $77000–$80000 range; heavy sell pressure is evident, and the clear pattern is a rise followed by a pullback.

Impact on the Crypto Market
With macro bearish factors resonating, BTC’s upward momentum runs out; $77000 becomes strong resistance, and sell orders pile up above, making it difficult to break through in the short term. Combined with expectations of a Fed leadership change, market volatility spikes, spike-and-then-reversal (needle) trading occurs frequently, and risk control must be strictly managed.$BTC $ETH