AI Trading Falls Out of Favor; S&P 500 Drops 4.4% Overnight as Democrats Win Congress

According to Wintermute's weekly report, AI trading markets faced renewed regulatory risks after Democrats won control of both U.S. chambers, sending the S&P 500 down 4.4% on Sunday (Nov 9). Bitcoin fell to $73,500 over the same period, while spot Bitcoin ETFs recorded net outflows of $1.28 billion for the week. The report also noted that December interest rate hike probability has risen to approximately 77%.
Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.