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 dynamics.

However, Fahmi explained, the crypto market shows signs of strengthening with reduced selling pressure and investor tendency to maintain Bitcoin ownership.

If the US consumer inflation (CPI) data that will be released on August 12 is lower than the estimate for example 0.1% on a monthly basis then according to Fahmi the rally trend in the stock market and crypto can continue.

For this reason, he advises investors to start positioning their portfolios to welcome potential medium-long-term bullish trends, while remaining alert to short-term volatility.

"Aset diversification is an important key. Packs features on the Reku platform, which are equipped with an automatic Rebalancing system, can help investors adjust their investment allocations more practically and optimally," he added.