ChainCatcher reports that according to Gate market data, the U.S. stock market opened with the Dow Jones Industrial Average down 0.33%, the S&P 500 down 0.15%, and the Nasdaq Composite down 0.13%. Novo Nordisk (NVO.N) dropped 15.65%, as the company stated that its weight-loss drug Cagrisema was less effective in trials compared to Eli Lilly’s Zepbound. Eli Lilly (LLY.N) opened up 3.86%.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
NYDIG Research Director: Bitcoin price fluctuations are only 1/4 influenced by stock market correlation
NYDIG Research Director Greg Cipolaro pointed out that the recent rise of Bitcoin alongside the U.S. stock software sector is mainly driven by macro factors rather than structural convergence. He stated that only a quarter of Bitcoin price movements are related to the stock market, with 75% of the factors coming from other areas, emphasizing its role as a diversification tool in investment portfolios.
GateNews12m ago
War risk shocks global markets: oil prices surge past $110, Asian stock markets plummet, Bitcoin stays steady at $67,000
Middle Eastern geopolitical risks have intensified, leading to a sharp decline in Asian stock markets, a surge in energy prices, and crude oil surpassing $110. Despite market concerns, cryptocurrencies like Bitcoin remain stable. Oil prices are expected to continue rising, but some traders anticipate a correction. The Federal Reserve's interest rate expectations remain stable, and future oil price increases could impact inflation.
GateNews38m ago
AVAX 15-minute increase of 0.76%: Ecosystem positive catalysts combined with on-chain capital inflows driving abnormal movements
From 00:00 to 00:15 (UTC) on March 9, 2026, the AVAX price experienced a rapid surge, with a return of +0.76%. The price ranged between 8.815 and 8.885 USDT, with an amplitude of 0.79%. At the same time, trading volume significantly increased during this period, market volatility intensified, short-term trading became active, and market attention was heightened.
The main driver of this anomaly was the ongoing fermentation of the news announced by Avalanche on March 8, about a liquidity staking partnership with a well-known DeFi protocol. The market
GateNews1h ago
Bloomberg: Hyperliquid is the only window to observe oil prices over the weekend, with a surge to $92 USD alert; now crude oil has skyrocketed to $112
The Iran conflict has entered its second week. After the reopening of traditional markets, crude oil prices have risen from the predicted $92 by Hyperliquid to $112, indicating the correct direction but underestimating the magnitude. Hyperliquid is currently driven by retail investors, and its lack of liquidity limits its value to an emotional indicator, preventing it from becoming an accurate pricing benchmark.
動區BlockTempo1h ago
NYDIG: 75% Bitcoin volatility does not depend on the stock market; diversification still proves effective
NYDIG's report indicates that while the correlation between Bitcoin and the stock market has risen to 0.5, only 25% of its volatility can be explained by the stock market, with 75% stemming from its own factors. This demonstrates Bitcoin's value for diversification in investment portfolios. Additionally, Bitcoin's long-term growth does not rely on central bank adoption, showcasing a bottom-up continuous expansion potential.
MarketWhisper1h ago