what is cryptocurrency backed by, Block

Last night, under the shadow of a strong dollar, the A50 index dived in the middle of the night and closed down -0.89% at 5: 15 in the morning. In early trading, the major indexes of A-shares suffered an opening dive, among which the Shanghai Composite Index and the Shenzhen Composite Index gapped lower by -0.54% and -0.74%, while the GEM and Kechuang 50 Index opened lower by -0.87% and -0.68%. Then the A50 futures index did not stop falling, diving again at 9:20, and kept at 10:31, with a drop of -2.19%!Last night's news, the central heavy meeting was held in Beijing on December 11 and 12. The meeting emphasized: "In 2025, more active and promising macro policies will be implemented to stabilize the property market and stock market." At the same time, it also stressed: "We must expand domestic demand and promote the integrated development of scientific and technological innovation and industrial innovation!" We have seen that this good thing has not been fulfilled today, but it has been killed against the trend.2. The A50 index fell in the night, and A shares dived at the opening!

To sum up, from today's market, not only the technical indicators have not gone bad, but also other sudden positive factors have not appeared. Even the US dollar has strengthened recently, and the RMB exchange rate is secretly counterattacking; Not only is there no bad news, but the benefits of important meetings have not yet been fulfilled, and they have also been killed and washed.So far, from the low point of 3227 points on November 27 to today, there are 13 trading days, including today, there are only 4 negative lines and 9 positive lines; The Shanghai Composite Index has successfully stood on the 20th line, forming a long moving average, and various technical indicators have also been revised, which has also broken through the downward trend since the National Day holiday. Today's decline has not destroyed the original technical trend.Last night's news, the central heavy meeting was held in Beijing on December 11 and 12. The meeting emphasized: "In 2025, more active and promising macro policies will be implemented to stabilize the property market and stock market." At the same time, it also stressed: "We must expand domestic demand and promote the integrated development of scientific and technological innovation and industrial innovation!" We have seen that this good thing has not been fulfilled today, but it has been killed against the trend.

2. The A50 index fell in the night, and A shares dived at the opening!Last night, under the shadow of a strong dollar, the A50 index dived in the middle of the night and closed down -0.89% at 5: 15 in the morning. In early trading, the major indexes of A-shares suffered an opening dive, among which the Shanghai Composite Index and the Shenzhen Composite Index gapped lower by -0.54% and -0.74%, while the GEM and Kechuang 50 Index opened lower by -0.87% and -0.68%. Then the A50 futures index did not stop falling, diving again at 9:20, and kept at 10:31, with a drop of -2.19%!Under the influence of the strong dollar and A50, the major indexes of A-shares continued to fluctuate downward. By midday, the Shanghai Composite Index and the Shenzhen Component Index had dropped by -1.49% and -1.74% respectively, while the Growth Enterprise Market Index and the Science and Technology Innovation 50 Index had dropped by -1.78% and-1.56% respectively. The major indexes suffered heavy losses, with 4127 stocks falling in the morning and only 1188 stocks rising; However, the turnover of the two cities in the morning was 1.22 trillion, 54.7 billion more than yesterday morning, and some panic discs were killed!