U.S. stock market's three major indices closed higher across the board on Monday, while Bitcoin experienced a volatile market with sharp ups and downs.

The situation in the Middle East did not deteriorate further, easing market risk aversion, leading to a significant rebound in the US stock market after two consecutive days of decline. However, the most exciting development last night was in the Bitcoin market. Cointelegraph tweeted: "Breaking: SEC approves ishares Bitcoin spot ETF," causing Bitcoin to quickly surge to 30K. Shortly after being confirmed as fake news, the price of Bitcoin quickly fell back to 28K. According to statistics, this false news led to liquidations of up to 100 million US dollars in the futures market.

Bitcoin ETF False News Source? A similar message was released earlier by Cointelegraph

The three major US stock indexes all closed higher on Monday, with multiple parties working to prevent the conflict between Israel and Hamas from escalating. Investors believe that this conflict is unlikely to have a significant impact on the global economy. Safe-haven assets such as gold and US Treasury bonds saw a slight decline, while crude oil prices remained near flat.

The US earnings season has officially begun, with most companies that have released earnings surpassing Wall Street's expectations, boosting their stock prices. Lori Calvasina, the US stock strategist at Royal Bank of Canada (RBC), has raised the earnings per share expectation for the S&P 500 in 2023 from $220 to $223, and for 2024 from $229 to $232, refreshing the company's model and boosting market optimism. The new data from the bank suggests that the S&P 500 index may exceed 4,700 points by the end of 2023, representing a 7.4% upside potential from current levels.

Investors will closely monitor today's US retail sales data, as well as the earnings reports of companies like Tesla and Netflix to be released tomorrow. In addition, Federal Reserve officials will enter a quiet period next week, and the market will also pay attention to speeches from officials, including Chairman Powell, in recent days.