Stock markets are reacting positively to predictions of a Fed discount rate cut in 2024.
The S&P 500 business activity indicator rose midweek to its highest level since January 2022. Gold prices are also near record highs.
However, bitcoin (BTC) and ether (ETH) are still holding in a narrow range.
BTC has been unable to get close to $45,000, while ETH has fallen to $2340 after a spurt to $2550.
Bitcoin volatility has fallen to its lowest level since late November. According to the Coinglass platform, this indicator fell to 2.22% in monthly terms on December 29.
The Nasdaq index over the past 12 months showed the strongest growth since 1999, according to Bloomberg news agency. Another indicator, the S&P 500, may finish at 4,833 points, strategists predict.
Matt Maley of Miller Tabak + Co. believes stock markets will rise in the coming months if predictions of a gradual easing of Federal Reserve policy begin to be confirmed.
By contrast, the correlation between bitcoin and tech stocks has declined markedly over the month. But it could strengthen if ETFs investing in digital currencies appear on the U.S. stock market in January.