If cryptocurrency has recently been hitting new highs, based on historical data, what impact will it have on the stock market? Which US stocks should be watched?

Hitting new highs in cryptocurrency often indicates an increase in market risk appetite, with investors showing more interest in high-risk assets, which typically results in the following impacts on the stock market:

1. Driving the rise of high-risk sectors: When cryptocurrency prices rise, investors usually focus on companies with high growth potential, especially in technology stocks, financial technology (FinTech), payment platforms, etc.

2. Boost cni xiangmi lake fintech index, blockchain related stocks: The rise in cryptocurrencies will drive the popularization of related technologies, and investors will also be more optimistic about blockchain technology and companies related to cryptocurrencies.

3. Demand for safe-haven assets like gold decreases: Capital trend towards cryptocurrencies and the stock market, safe-haven assets like gold may experience decreased demand, potentially lowering the stock prices of related companies.

The following are sectors and companies in the U.S. stock market that can be focused on:

   ◦ paypal (PYPL) and Square (SQ)When cryptocurrency hits a new high, these companies support cryptocurrency trading, and their trading volume may increase.

   ◦ Coinbase (COIN)As one of the world's leading cryptocurrency exchange platforms, Coinbase's revenue is closely related to the trading activity of cryptocurrencies.

1. Cni Xiangmi Lake FinTech Index (FinTech)

   ◦ marathon digital Holdings (MARA). and Riot Blockchain (RIOT): These companies are engaged in the cryptocurrency mining business, and their performance is closely related to the prices of mainstream cryptocurrencies such as Bitcoin.

   ◦ NVIDIA (NVDA)Although its main business is graphic processors, its GPUs have high demand due to cryptocurrency mining needs.

2. Stocks related to blockchain and cryptocurrency

   ◦ Grayscale Bitcoin Trust (GBTC)Investors can indirectly invest in Bitcoin through GBTC.

   ◦ ProShares Bitcoin Strategy ETF (BITO)An ETF mainly focused on bitcoin futures is an indirect exposure to bitcoin price fluctuations.

3. Bitcoin ETFs and trusts

   ◦ Mastercard (MA) and Visa (V)These payment giants are constantly expanding the use cases of cryptocurrencies, and they may benefit when the cryptocurrency market thrives.

   ◦ Silvergate Capital (SI)This bank focuses on providing financial services to cryptocurrency companies, so it is closely related to the cryptocurrency market.

4. Payment platforms and banks

When investing in stocks related to cryptocurrencies, it is still necessary to be cautious, as the stock prices of these companies may fluctuate significantly due to drastic fluctuations in cryptocurrency prices.