Recently, the U.S. financial markets have shown a significant trend of capital flow, with investors seemingly withdrawing from the stock market and favoring alternative assets like gold and Bit. This change reflects the multiple uncertainties of the current economic environment.

The U.S. government has entered its first official shutdown in nearly seven years, causing important economic indicators to be unable to be released on schedule. The September employment data, originally set to be announced this Friday, has been postponed, exacerbating market concerns about the economic outlook. As a result, major stock indices have all seen declines: the Dow Jones Industrial Average fell by 80 points, while the S&P 500 and Nasdaq Composite indices dropped by 0.5% and 0.6%, respectively. Nevertheless, September as a whole has maintained an upward trend, with the S&P 500 and Nasdaq indices rising by 4.5% and over 6%, respectively.

The September ADP private sector employment report unexpectedly showed a decrease of 32,000 jobs, far below the market expectation of an increase of 50,000, and the August data was revised down to a decrease of 3,000. In the absence of official data, this report, seen as a 'little non-farm', reinforced market expectations that the Federal Reserve may cut interest rates, further stirring investor sentiment.

Under the dual impact of rising risk aversion and a weakening dollar, asset prices have shown significant divergence. The dollar index fell to a two-week low and is facing its longest decline in a month. The price of gold, a traditional safe-haven asset, surged significantly, with spot gold reaching a historic high of $3895 per ounce, and U.S. December gold futures peaking at $3918.

The cryptocurrency market also benefits from this wave of risk aversion, with Bitcoin's price breaking through the $116,890 mark. Market analysts believe that with the potential emergence of short covering, Bitcoin is expected to rise further, possibly even challenging the psychological barrier of $120,000.

The shift of funds from the stock market to gold and cryptocurrencies reflects investors' preference for traditional and emerging safe-haven assets in the face of a complex and volatile economic environment. However, there are still many uncertainties regarding market trends, and investors need to closely monitor the progress of government shutdowns and the upcoming economic data to make informed investment decisions.