I just happened to have nothing to do, so I'll talk about this topic as a whole: Is good news for the US stock market good news for the crypto market?

The answer is definitely no. Although the US stock market and the crypto market are both risk markets and have many similarities, they are also fundamentally different - the US stock market has real enterprises as its basic support.

In the current high-interest rate environment, when to cut interest rates and how much the interest rate cut will be have become the main topics of discussion in the macro-emotion market. Therefore, the US stock market and the crypto market do rely on macroeconomic narratives to support the rise, but some data that are good for the US stock market are not good for the crypto market.

If the data shows that the US economic activity has increased, it will mean that the US economy is improving, which will inevitably bring more consumption and spending, and at the same time promote industrial progress. The company's profit sales are good, the income is good, and the performance is naturally good, and the stock price will naturally rise. Therefore, if the data shows that the US economy is good, it will have a positive effect on the US stock market and the US dollar.

On the contrary, the good economic expectations brought by such data will bring greater pressure on inflation control. At present, one of the biggest and most important data driving the pace of interest rate cuts is inflation. Therefore, once the economic data is good and the inflation pressure is greater, it is actually not conducive to the expectation of interest rate cuts. Because the crypto market does not have the fundamentals of enterprises, it cannot enjoy the dividends of the good US economy. On the contrary, the increase in inflationary pressure will lead to a decrease in the expectation of interest rate cuts. It is not bad, but it has a suppressive effect on the optimistic expectations of bulls.

Therefore, the good news of US stocks is good for the crypto market, and it still depends on which data is subdivided.

Of course, the rise of US stocks alone does not bring benefits to the crypto market. The rise of US stocks often helps to stabilize the bullish sentiment in the crypto market. In simple terms, the risk leader rises, and the others will not be too bad.

Secondly, the investment profits generated after the wealth creation effect of US stocks will flow back to the crypto market at a certain stage, bringing new liquidity to the crypto market in the current stage of liquidity shortage.

In fact, it is still a relatively complicated process to understand macro data. Various relationships have different effects at different times and stages. Everyone will gradually understand and learn some, and the logic inside will become clearer and clearer.