Part 5/7:
Meron also stressed that while excitement surrounds the crypto market, it's crucial to keep an eye on macroeconomic factors, especially in equities. The performance of major equities, particularly the semiconductor sector, could heavily influence the crypto market, as both lie within the risk-on asset category.
He specifically pointed to stocks like Nvidia and AMD, which have exhibited stagnation and potential declines. This lack of strength in equities could hint at broader economic issues that may eventually spill over into the cryptocurrency space, particularly if investor sentiment deteriorates.