[BiyaPay Analyst: Strong U.S. Stocks, Weak Hong Kong Stocks, Precious Metals 'Roller Coaster,' Clear Signs of a Cryptocurrency Peak] BlockBeats News, November 4, BiyaPay analysts stated that looking back at October 2025, the global market divergence pattern has become increasingly evident. U.S. stocks continued their strong performance, with the Nasdaq and S&P reaching new highs, led by AI tech stocks; Hong Kong stocks and Chinese concept stocks remained under pressure, with the Hang Seng Tech Index dropping over 8% for the month, reflecting heightened risk aversion sentiment. Precious metals experienced high-level fluctuations, with spot gold retreating more than 9% from its peak, and silver also under pressure. Meanwhile, Bitcoin weakened after hitting the $100,000 mark, as concerns over prolonged high interest rates and slowing ETF inflows signaled a potential peak for cryptocurrencies. Overall, funds in the fourth quarter may continue to flow into U.S. stocks and dollar-denominated assets. BiyaPay supports USDT trading for U.S. stocks, Hong Kong stocks, and futures, and offers zero-fee cryptocurrency spot contracts, helping you flexibly allocate multi-asset portfolios and seize new opportunities amid global capital flows.