FalconX Analyst: The correlation between cryptocurrency prices and risk asset indices may remain high for a period of time
FalconX Research Director David Lawant stated that the correlation between cryptocurrency prices and broad risk asset indices has been on the rise, and may remain high for a period of time. The current basic situation for most investors is a lower interest rate cycle coupled with a soft landing. This will create a new macro environment for cryptocurrencies. Favorable election results and liquidity environments more conducive to risk assets could potentially trigger the next bull market in cryptocurrencies. (TheBlock)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Spot gold breaks above $4,290 per ounce, up 0.38% on the day
Spot gold breaks through the $4,280/ounce mark
USD/JPY drops 1% intraday, quoted at 157.25
GBP/JPY hits 208.00, down 0.91% intraday