Bitcoin 's relationship with the stock market is always a hot topic, and right now, it’s back in sync with the S&P 500 just ahead of the upcoming FOMC meeting. Historically, Bitcoin has acted like a risk-on asset, meaning it tends to move in tandem with stocks when investors are feeling optimistic.
After a bit of a disconnect in June and July—thanks to some political drama—Bitcoin 's correlation with the S&P 500 has bounced back. This shift is largely due to expectations of a significant rate cut from the Federal Reserve, which could boost both the stock market and crypto investments.
Now, there’s also buzz around Bitcoin miner reserves. A recent uptick in these reserves could signal a potential rally, as miners seem to be holding onto their assets rather than selling. This trend usually hints at rising prices, especially with the fourth quarter approaching and a mix of rate cuts and the U.S. elections on the horizon. So, keep an eye on those miner supplies; they might just give us a clue about the next bull run.
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