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：银饰)

• ·iht众筹价格
• ·OpenSea新增对Abstract区块链的支持，进一步扩展多链生态系统
• ·全球热门比特币网站有哪些？手续费最低比特币网站十大排名
• ·火币网成交价
• ·速览 Vana：VC 三巨头齐聚的 AI 项目，主打数据 DAO 但先玩起了点击挖矿（附参与教程）
• ·火车票能作为报销的凭证吗
• ·喜欢什么天气什么性格-喜欢什么天气什么性格的女生
• ·Telegram 禁止柬埔寨黑市“好网担保”
• ·in软件in币有什么用 ine币
• ·Pectra升级如何重塑以太坊质押生态与L2格局
• ·公积金贷款抵押什么？只能抵押我的东西吗？
• ·PA日报 | 美联储降息50个基点，为4年来首次降息；Solana Mobile发布售价为450美元的第二款加密手机Seeker
• ·拍拍贷上征信吗？想要了解一下拍拍贷的情况。
• ·拍拍贷魔镜等级怎么评，等级意味着什么？
• ·揭秘以太坊新晋巨鲸Abraxas Capital：单周吸筹超27万枚ETH，资产规模超30亿美元
• ·豆豆钱为什么没有额度啊？