These figures reflect a market environment where robust consumer activity, persistent inflationary pressure, and AI‑driven capital investment keep financial conditions more restrictive for longer periods.
Investments in AI infrastructure remain the primary driver of global capital allocation. Technology giants continue to allocate substantial funds to semiconductors, data centers, network infrastructure, and computing power, ensuring the stability of tech stocks and broadly defined risky assets. The sustained rise in AI‑related company stock values also contributes to ongoing investment activity and overall market resilience despite tightening financial conditions.
The growing share of institutional investors heightens the sensitivity of cryptocurrency markets to macroeconomic data related to consumer activity, Treasury yields, and investment cycles in the tech sector. Despite higher interest rates and delayed expectations of monetary easing from the Fed, BTC and ETH continue to benefit from institutional capital inflows and positioning tied to long‑term productivity and liquidity growth trends.
Ryan Lee, Head Analyst at Bitget Research
