Uniswap Labs report: Cryptocurrency asset prices are affected by conventional risks and monetary policy factors.
PANews reported on August 11 that Uniswap Labs published a paper titled "Research on Drivers of Cryptocurrency Asset Prices" co-authored by researchers from the Copenhagen Business School and Circle. The paper indicates that cryptocurrency asset prices are significantly influenced by conventional risk and monetary policy factors. It is worth noting that during the cryptocurrency market decline in 2022, the factor of tightening monetary policy accounted for more than two-thirds. In contrast, the compression of cryptocurrency risk premiums has been the main driver of cryptocurrency returns since 2023, and it is unrelated to the active stock market backdrop.
