Wall Street Remains Bullish, But Ethereum Awaits Key Signal | US Crypto News

最新报道:Welcome to the US Crypto Morning Briefing—your essential compendium of the day's most important developments in the cryptocurrency space. Grab a cup of coffee, because despite the summer market downturn and lingering doubts, one of Wall Street's most seasoned voices insists the rally is far from over, and his view could spill over from stocks to crypto. Today's Crypto News: WisdomTree's Siegel Hints at TradFi Market Rally—Will Crypto Follow? WisdomTree Chief Economist Jeremy Siegel believes the US stock market rally is far from over. In a recent interview, Siegel stated that stocks still have room to run higher, dismissing concerns that the market's summer rally is about to fizzle out. Siegel noted that corporate earnings revisions remain positive and market breadth continues to strengthen. While he doesn't expect a meteoric rise, he believes a 5-10% gain over the next six months is entirely achievable. Monetary policy is at the heart of his optimism. Siegel has consistently called for lower short-term interest rates. He believes the Federal Reserve's benchmark interest rate should be at least 100 basis points (bps) below the 10-year Treasury yield. He believes the federal funds rate should be in the "low 3s," a level he believes the economy is heading towards. He said this trajectory would provide "tremendous comfort to investors," particularly small-cap stocks, as represented by the Russell 5000 index, which has shown strong sensitivity to easing expectations. He added that last week's strong gains in growth and value stocks suggest the rally is broad-based rather than tentative. One point of contention among investors is the thin summer trading volume. However, Siegel dismissed this concern, noting that the low activity in late August was typical as traders "went to the beach." He believes that maintaining gains during seasonally weak periods, such as late August and early September, has historically been a bullish signal for the rest of the year. However, Siegel acknowledged risks, chief among them being the Federal Reserve itself. Siegel warned that if Fed Chairman Jerome Powell fails to deliver on expectations of a rate cut, "that would end the rally." The upcoming Personal Consumption Expenditures (PCE) report is also a key point of observation. It is one of the signals for the U.S. economy this week. This data point could confirm that inflationary pressures are cooling. Siegel's views are relevant to the cryptocurrency market. Digital assets such as Bitcoin and Ethereum often reflect Wall Street's risk appetite, and historically, loose monetary policies have driven capital inflows into the stock market and cryptocurrencies. If Siegel's views prove correct, interest rates fall, and the bull market continues, then these conditions may also support another rise in cryptocurrencies. As institutions increasingly view Bitcoin as a risky asset, the health of Wall Street remains closely tied to digital finance. Today's Chart Byte Size Alpha Here is a summary of more U.S. cryptocurrency news to watch today: Cryptocurrency Stock Pre-Market Overview

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