AI drives technology stocks to continue strengthening, while the crypto market sees price drops, with nearly 1.3 billion in Get Liquidated across the network.

Wall Street continued its upward trend from October, rising further on the first trading day of November amid strong performance in AI trading. However, the cryptocurrency market fell by 4.29%, with the overall market capitalization retreating to $3.54 trillion. Bitcoin's dominance reached 60.25%, as investors turned to safe-haven assets in the context of whale dumping and DeFi security concerns. Bitcoin (BTC) fell from a low of 110K to above 105K on Monday, with other major coins experiencing even greater losses; Ether (ETH) fell over 6% in 24 hours, XRP and BNB dropped over 8%, and SOL saw a decline of more than 10%. The total liquidation across the network was nearly $1.3 billion.

Good omen for the start of November, AI-related stocks continue to lead the surge.

Microsoft announced on Monday that it has obtained an export license from the Trump administration to export NVIDIA chips to the UAE. Following the announcement, NVIDIA's stock price continued to rise, and investors further flocked to the artificial intelligence trading sector. OpenAI signed a $38 billion agreement with Amazon and will immediately start using NVIDIA's graphics processing units. Amazon's stock price closed up 4% on Monday, reaching an all-time high.

Wall Street's stock market has just concluded the first trading day of November, continuing the upward trend of the benchmark index from October. These gains are partly attributed to the ongoing strong momentum of artificial intelligence trading and signs of easing tensions in US-China trade.

As of now, more than 300 companies in the S&P 500 index have announced their third-quarter earnings. According to FactSet statistics, over 80% of these companies exceeded expectations. This week, Wall Street will also welcome earnings reports from more than 100 companies, including Palantir and AMD in the field of artificial intelligence.

Wall Street may experience a seasonal rise this month, with the S&P 500 index averaging a gain of 1.8% in the past November.

Bitcoin fell to 106K, with nearly 1.3 billion dollars in Get Liquidated across the network.

The crypto assets market fell by 4.29%, with the total market capitalization retreating to 3.54 trillion USD.

Bitcoin's dominance has reached 60.25%, as investors turn to safe-haven assets amid concerns of Whale selling and DeFi security.

(Balancer suspected of being hacked for 116 million dollars! Decentralized Finance once again exposed to major security vulnerabilities )

BTC fell from a low of 110K to just above 105K on Monday, with other major currencies experiencing even greater declines. Ether (ETH) dropped more than 6% in 24 hours, while XRP and BNB fell over 8%, and SOL's decline exceeded 10%. The crypto assets market saw positions worth up to 1.27 billion USD liquidated in 24 hours, with ETH leading at 331 million USD, followed by BTC at 325 million USD, causing heavy losses for long positions. Rapper Maji's 25x ETH long position also faced liquidation, suffering weekly losses of over 70 million TWD, with the total losses from that address exceeding 400 million TWD.

( “Only one XX left” The crypto market is crashing late at night! Brother Maji has been liquidated again, losing tens of millions of TWD this week )

This article discusses how AI has driven technology stocks to continue strengthening, while the crypto market has sharply fallen, with nearly 1.3 billion being liquidated across the network, first appearing in Chain News ABMedia.