Frank Chaparro, director of special projects at The Block, expressed a market opinion that with the launch of spot bitcoin ETFs, traditional market forces are dominating the price movement of cryptocurrencies. After the release of US employment data on January 12, the crypto market and the Nasdaq index showed a high degree of linkage, highlighting the profound impact of the macro economy on the market.
Flowdesk analyst Greg Guttas pointed out that the mismatch between ETF trading time limits (6.5 hours per day) and the 24/7 trading properties of cryptocurrencies may exacerbate volatility during the opening hours. While the crypto industry faces favorable factors such as improved regulatory environments and increased banking participation, current market sentiment suggests that these positives may not be able to offset the pressure from macroeconomic headwinds.
Opinion: Traditional markets are dominating cryptocurrency price movements, and ETF trading hours may increase volatility during opening hours
2025-01-13 20:51:10
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
观点：传统市场正主导加密货币价格走势，ETF交易时间限制或加剧开盘时段波动性
