Recent data from the U.S. real estate market has sparked widespread discussion about the potential impact on the encryption market. This impact presents a multifaceted complexity that is worth exploring in depth.

First, signs of weakness in the U.S. real estate market may exacerbate concerns about an economic recession. Data shows that the inventory of newly built single-family homes has reached nearly 10 months of supply, a situation typically associated with economic downturns. If this trend continues, it could lead investors to adopt a more cautious attitude towards risk assets, which in turn may negatively impact high-risk investments such as encryption.

Secondly, the significant slowdown in rent growth may affect the direction of the Federal Reserve's monetary policy. The year-on-year decline in the national median rent may prompt the Fed to reassess its interest rate policy. If the Fed adopts a more accommodative monetary policy as a result, such as cutting interest rates, this could indirectly support the encryption currency market. A loose monetary environment often increases liquidity, and some funds may flow into encryption currencies, driving their prices up.

In addition, changes in the regulatory environment may have long-term effects on encryption currencies. The recent policy adjustment by the Federal Housing Finance Agency in the United States allows for the inclusion of encryption currency investments in the overall wealth assessment of homebuyers, which may open up new application scenarios for encryption currencies in the real estate sector. In the long run, this policy direction could increase the practical application value and market demand for encryption currencies.

Overall, the changes in the U.S. real estate market have a multifaceted impact on encryption currencies. It involves not only short-term market sentiment and price fluctuations but also changes in the long-term policy environment and application scenarios. Investors and market participants need to closely monitor the developments of these factors to better understand and predict the future direction of the encryption currency market.