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The US stock market rose because Trump announced a pause in sanctions against Iran, and cryptocurrencies also rebounded. However, Ethereum's price didn't change much, still over 1600. When it reached the Asian trading session, it started to sell off again, with the ETH to Bitcoin exchange rate dropping to 0.026. Over the past 24 hours, ETH traded 458 million, while Bitcoin traded 1.12 billion. Such low trading volume, compared to previous times, would be considered weekend volume, indicating we're currently in a bear market phase. Europe announced plans to raise interest rates, Japan will raise rates by 25 basis points on June 16, and the US is currently projected to raise rates in October. The market isn't moving upward now because of rate hikes. We should accumulate more USDT and wait for a bottom in October. When the US raises interest rates, gold, cryptocurrencies, and US stocks will all fall sharply. At that time, buying the dip with small amounts can turn into big gains.
Trump's rhetoric won't prevent US stocks from falling; as long as the Iran issue isn't resolved, high oil prices will persist. When oil prices rise, inflation will increase, leading to a significant correction in US stocks!