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：发现基金)

• ·京东白条激活失败怎么办，还可以再申请吗？
• ·理财产品收益属于什么收入
• ·Metis & ABGA合作推出與Google Cloud共同推動的GameFi Quantum Leap加速器計畫
• ·跨年其他业务支出调整分录
• ·好申请的手机贷款软件有哪些？申请条件要低，而且通过率要高。
• ·Fetch.AI (FET) 哪里可以买？推荐交易平台分析
• ·从格雷厄姆大师到中本聪：比特币价值投资者指南
• ·全民财经怎么玩 全民财经app怎么样
• ·手机火币怎么交易
• ·西湖的白天真像什么-西湖的白天真像什么比喻句
• ·瑞波币钱包哪个好
• ·openbazaar如何打开
• ·BingX Launchpool 上線 AgentLayer，推出全新質押機會
• ·公积金百度百科
• ·火币是钱吗
• ·币波交易软件-币 交易app