US Stock Market Skyrockets, What’s The Bullish Signal At Crypto Market?
JAKARTA – The United States stock exchange recorded a sharp spike on Monday, August 4, with the Dow index rising 1.3 percent, the S&P 500 rising 1.5 percent, and the Nasdaq surging 2 percent.
Responding to these conditions, Reku analyst Fahmi Almuttaqin assessed that positive sentiment in the US stock market could open up opportunities for the crypto market to rise.
“In the midst of political tensions, institutional investors remain aggressive in accumulating crypto assets, especially through Bitcoin treasury strategies and Ethereum reserves,” he explained.
He stressed that the prospect of cutting the Fed’s interest rates is still filled with uncertainty due to inflation and political…
