Is it time for TradFi money to pour into the crypto market? Signals from stocks in the US are supporting that
On the day the US CPI index was announced, the stock market of the world's leading economy recorded a decline in the S&P 500 index (large capitalization stocks), while the Russell 2000 index (large capitalization stocks) declined. small) increased by more than 3%.
This shows that the expectation that the FED will soon reduce interest rates, the risk of recession is no longer there, and therefore investors are wanting to invest in higher risk assets.
For a high-risk market like Crypto, the move from the United States is a great opportunity for money to flow in, especially coins with large capitalization like Bitcoin and Ethereum through Spot ETF funds. .
The cyclicality of the crypto market is gradually repeating and we can soon welcome the Bull-Run from the end of 2024!
