The Nasdaq once again pulled risk appetite higher by another notch.
According to a report from BlockBeats, on September 22, BIT (bit.com) price data showed that at the close of U.S. stocks, the Nasdaq rose 2.26% to a fresh all-time high. The Dow gained 0.71%, and the S&P 500 index climbed 1.49%. Chip stocks surged across the board, with AMD rising nearly 10%, and its market cap surpassing one trillion US dollars for the first time. Market commentary leaned more bullish on crypto risk assets. Although this is not a direct on-chain or token event, strong performance in tech stocks and the computing power sector typically lifts market sentiment toward high-beta assets—mainstream coins like BTC and ETH are likely to benefit when risk appetite turns back up. Semiconductor, memory, and optical communications sectors also rose in tandem.
The highlights of this kind of move are quite straightforward: first, if tech and computing power continue to stay strong, will the sentiment flow into crypto spot markets? Second, if it’s only the stock market that’s firing on a given day and crypto doesn’t really catch up, it suggests the follow-on capital may not be very strong. Are you more focused on whether U.S. stocks’ strength can persist, or on whether the crypto market’s own buying is driving the move?
Figure 1: Nasdaq highs driving risk appetite · Source: partial screenshot of the page
Image source: https://www.theblockbeats.info/flash/368311
According to a report from BlockBeats, on September 22, BIT (bit.com) price data showed that at the close of U.S. stocks, the Nasdaq rose 2.26% to a fresh all-time high. The Dow gained 0.71%, and the S&P 500 index climbed 1.49%. Chip stocks surged across the board, with AMD rising nearly 10%, and its market cap surpassing one trillion US dollars for the first time. Market commentary leaned more bullish on crypto risk assets. Although this is not a direct on-chain or token event, strong performance in tech stocks and the computing power sector typically lifts market sentiment toward high-beta assets—mainstream coins like BTC and ETH are likely to benefit when risk appetite turns back up. Semiconductor, memory, and optical communications sectors also rose in tandem.
The highlights of this kind of move are quite straightforward: first, if tech and computing power continue to stay strong, will the sentiment flow into crypto spot markets? Second, if it’s only the stock market that’s firing on a given day and crypto doesn’t really catch up, it suggests the follow-on capital may not be very strong. Are you more focused on whether U.S. stocks’ strength can persist, or on whether the crypto market’s own buying is driving the move?
Figure 1: Nasdaq highs driving risk appetite · Source: partial screenshot of the page
Image source: https://www.theblockbeats.info/flash/368311
