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：游戏)

• ·火币网更新
• ·山寨币怎么定价 山寨币怎么定价的
• ·如何应对市场行情暴跌？
• ·太阳能收盘涨3.19%，主力资金净流入4776.77万元
• ·汇兑损益结转会计分录是什么
• ·雷达币最新消息公告-RCB最新的官方公告
• ·单身职工住房公积金贷款的条件是什么？单身可以申请公积金贷款吗？
• ·挖矿软件消耗算力-挖矿消耗的运算力用来干什么了
• ·雾凇是什么和什么-雾凇是什么和什么的结合
• ·Meta重返稳定币市场引发美国立法争议
• ·请问广发车主卡存款提现收费吗？车主卡怎么样？
• ·芝麻交易所ouyi加密货币钱包在线下载-芝麻交易所web3钱包免费版v6.3.7安装地址
• ·中国产电量世界第一，为什么不能用来挖比特币？
• ·影视概念31日主力净流出8911.45万元，思美传媒、中文在线居前
• ·火莱特币今日价格
• ·美国btc最新价格