According to TheMarketPeriodical, the S&P 500 is on track for a December rally amid Federal Reserve rate cuts and the end of quantitative tightening, with analysts projecting a potential rise to 7,200. Meanwhile, Bitcoin has underperformed the index, dropping 30% from its peak and trading down 2% year-to-date. Vanguard’s S&P 500 ETF (VOO) saw $20.82 billion in November inflows, marking its second-largest monthly inflow in four years. Analysts warn that Bitcoin may face further pressure as the Fed enters an easing cycle, drawing parallels to historical market patterns.
Bitcoin Faces Downside Risks as S&P 500 Eyes December Rally
TheMarketPeriodicalShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.