Nasdaq Rises 0.18% as US Stocks Turn Higher Amid Interest Rate Concerns

The US stock market is experiencing a modest rally, with the Nasdaq Composite rising 0.18% to 26,254.63 as of July 11 at 1:19 a.m.

According to a forecast trend report, this increase in stock markets may lead to a moderate recovery in the crypto market if the rally extends.

However, rising US 10-year yields are expected to offset this effect and limit upward momentum.

In the short term, the confidence level is neutral at 56%, indicating that the trend is uncertain.

In the mid-term, interest rates and capital allocation are seen as major variables affecting the spread of crypto, with a potential stabilization of bond yields needed for improvement.

Looking ahead to the long term, a continued upward trend in US stocks could lead to improved supply-and-demand conditions in the crypto market, but only if interest rates decline.