The three major U.S. stock indices fell broadly last week, Bitcoin rebounded significantly, and the bullish sentiment in the cryptocurrency market was strong

News on January 6, according to third-party monitoring, U.S. stocks rebounded after falling for five consecutive trading days. The three major indices expanded their gains and closed near the day's high on Friday, but U.S. stocks fell for the week as a whole. The SP 500 index fell by 0.48% this week, the Dow Jones Industrial Average fell by 0.60%, and the Nasdaq Composite Index fell by 0.51%.

The cryptocurrency market has seen a significant rebound since the start of the year. Bitcoin dropped nearly 15% in this adjustment, bottoming out at $91,530 before bouncing back more than 8% from its lowest point on December 30th last month; it is currently fluctuating around $99k with strong bullish sentiment in the market that could challenge $100k at any time again soon.

Ethereum has shown some strength recently; it has risen over 18% from its lowest point on December 20th last month in just two weeks and is now priced at $3,668 USD. A number of altcoins have also made substantial rebounds. Recently popular narrative AI agent concept coins are generally undergoing significant adjustments after experiencing several days of sharp increases.

In terms of foreign exchange, the US dollar index fell 0.4% on Friday from a two-year high, with its cumulative increase last week narrowing to 0.7%. The euro and pound sterling both fell more than 1% this week. Prospects for oil demand boosted oil prices for five consecutive days, refreshing a more than two-month high, with Brent crude up about 3% last week and U.S. crude up nearly 5%. A stronger dollar prompted spot gold to fall from a three-week high, but it still rose nearly 1% last week.

The financial events to watch this week focus on the minutes of the FOMC meeting in December and the non-farm payroll report released on Friday. Although markets generally believe that the dot plot released at the December meeting conveyed hawkish messages, through these meeting records we will be able to gain a clearer understanding of Federal Reserve officials' views on the outlook for the U.S economy and whether they believe that risks of economic slowdown are increasing.