US Stock Market Sees Positive Turnaround, Crypto Outlook Remains Uncertain

The US stock market has seen a significant turnaround, with all three major indexes turning higher. The Nasdaq Composite was up 0.12% at 26,686.81 as of 3:34 a.m. on May 28, while the Dow Jones Industrial Average rose 0.37% to 50,649.08 and the S&P 500 added 0.06% to 7,523.68.

The current trend is expected to continue in the medium term, with the stability of the VIX at 16.61 providing a foundation for risk assets. However, there are concerns about the lack of actual demand for cryptocurrency, as reflected by the fear index at 25 and net outflows of the Korean won.

Despite these concerns, the long-term outlook remains positive if risk appetite spreads and leads to capital inflows into crypto. The gradual upward trend in US stock markets is seen as a combination that does not significantly undermine the long-term liquidity environment.