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：风向标)

• ·工程设备折旧年限怎么算
• ·fds币共振价格-fds币下线了吗
• ·怎么联系用电矿场 怎么联系用电矿场客户
• ·十大比特币交易平台_十家比特币交易app排行榜
• ·OKX Token2049 速递：首席营销官 Haider 揭秘 OKX 钱包全新升级的五个关键细节
• ·比特币周日剧烈波动，清算量激增近2.8亿美元
• ·元宝币钱包用不了
• ·钱包怎样联机挖币-钱包怎样联机挖币啊
• ·汽车销售公司账务如何核算
• ·波卡生态板块软件
• ·微粒贷这个网贷产品怎么样，靠谱吗？
• ·什么什么的冰河-什么什么的冰河成语
• ·Pi币24小时暴涨11.7%，未来能否突破2美元大关？
• ·Ripple：关于 XRP 的“买入信号”以及您应该注意的事项
• ·公司年会聚餐费用记到什么科目
• ·申报退税额是什么意思