Stocks Lead Cryptos as VIX Index Rises, Bitcoin Remains Indecisive

Stocks are driving the rise in major cryptocurrencies, despite concerns from Wall Street's fear gauge, VIX. On Monday, the S&P 500 hit a record high for the fourth day, with the Nasdaq reaching new peaks and the Dow Jones nearing its recent highs.

• The market rise continues despite a bearish manufacturing survey, aided by falling bond yields and anticipation of a 25-basis-point Fed rate cut on Wednesday.
• Bitcoin (BTC) shows indecision, trading between $114,000 and $117,000, below its August high of over $124,000. Long-term holders taking profits may be affecting bullish momentum from spot ETF inflows.
• Other cryptocurrencies like Ethereum (ETH), XRP (XRP), and Dogecoin (DOGE) have also lost upward momentum.
• Ethereum has decreased from nearly $4,800 to $4,500, while XRP and Dogecoin have seen declines due to whale selling and market corrections.

Market Volatility and Rate Cuts

• A 25-basis-point rate cut could support gradual BTC growth, while an unexpected 50 bps cut might cause volatility across stocks, crypto, and gold.
• The VIX index rose over 6% to 15.68 points, signaling potential market corrections.
• BTC's implied volatility index increased by 3%, maintaining a positive correlation with VIX.