According to a correlation study, the trends of digital assets and US stocks are more synchronized than ever before, indicating that macroeconomic variables driving the stock market are also affecting the cryptocurrency market.

According to data compiled by Bloomberg, the 40 day correlation coefficient between the top 100 digital assets and the S&P 500 index is approximately 0.67, approaching the high of 0.72 reached in the second quarter of 2022. When the correlation coefficient is 1, it represents that the trends of each asset are completely synchronized, while -1 indicates a completely reverse correlation.

Last week, the Federal Reserve aggressively cut interest rates by 50 basis points, ushering in the expected monetary easing cycle. US stocks hit a historic high, and Bitcoin also broke through $64000.

For various traders, the upcoming release of US economic data is now crucial as they can search for clues about the extent and speed of potential further reductions in benchmark borrowing costs. Caroline Mauron, co-founder of Orbit Markets, a liquidity provider for digital asset derivatives trading, said:

At present, macro factors are driving the prices of cryptocurrencies, and this situation should continue throughout the loose cycle of the Federal Reserve, unless we see black swan events specific to the cryptocurrency sector

This week's focus is on comments from Federal Reserve officials and the release of the central bank's preferred inflation indicator - the Personal Consumption Expenditure Price Index (PCE Index). Sean McNulty, the head of trading at Arbelos Markets, a liquidity provider, stated:

We believe that the speaker's speech is more important than PCE inflation data, as the key that the market is currently trying to clarify is the FOMC (Federal Open Market Committee) response mechanism

Source: Bloomberg

(责任编辑：现货银)

• ·比特币价格余额
• ·完工产品入库的会计处理步骤是怎样的？
• ·ETH减半后价格-eth 减半
• ·雨是怎么形成的图片
• ·医疗服务股票
• ·广发银行第二张信用卡需要激活不，怎么才能激活？
• ·倒计时 6 天，与 MetaEra 在新加坡相见！请查收您的波卡参会指南
• ·涨停揭秘 | 福晶科技首板涨停，封板资金1.27亿元
• ·光大银行信用卡分期的账单在哪里查啊？
• ·松潘今天有什么新闻-松潘今天有什么新闻报道
• ·全球比特币交易所排行榜 全球最大数字货币交易平台是哪个
• ·58coin行情
• ·以太坊要做「未来的结算层」，目标直指 RWA
• ·陆屹：存量改造需要做全案咨询管理才有可能实现 | 商业快讯
• ·股票板块查询
• ·比特股币是什么东西