Precious metal and bitcoin (Btc) is rising in new all-time highs, in conjunction with risk assets such as stocks, as the US dollar (USD) has been on track for the worst years since 1973, signed a “generational” macroeconomic shift, according to market analysts in the Kobeissi Letter.
S&P 500 stock market index reached more than 40% in the last six months, BTC hits a new all-time high more than $ 125,000 on Saturday, and gold also traded at all times high- $ 3,880 per ounce at this time of writing-close to $ 4,000, Kobeissi letter write.
“The coefficient of the relationship between gold and the S&P 500 reached a record of 0.91 in 2024,” written by analysts, adding that the unusual correlation between safe properties and risk properties indicates that markets are now proning a “new financial policy,” Kobeissi:: Kobeissi:
“There is a widespread rush to the properties that are happening today. As inflation rebounds and the labor market weakened, the Federal Reserve has been cutting rates. The USD has been monitored today for the worst years since 1973, down more than 10% year-to-date. The USD has lost 40% of its purchase of power since 2000.”
The review came in the middle of a US government -shutdown, massive Downward Revisions of Work Numbers in the US That signal is a weakening labor market, reduction in interest rate.
Related: Bitcoin corrects from $ 125k all-time high: Where is the BTC price?
Analysts agree to the new BTC All-Time High has been fueled by the Macroeconomic Factor
BTC rally to a new all-time high is driven by macroeconomic factorsIncluding the US government’s recent shutdown, according to Fabian Dori, chief investment official in the Global Digital Asset Bank Sygnum.
The USSHUTDOWN OF US GOVERNMENT It began on Wednesday that operations were closed to regulatory and bureaucracy agencies in full or forced them to work on a bare budget of bone and minimal staff.
The “political disfunction” derived from the shutdown has changed the investor’s interest in BTC as a store monetary technology, such as faith in traditional institutions, Dori told Cointelegraph.
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