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：基金数据)

• ·股票复牌价格-股票复牌价格会变吗
• ·亚洲水泥(中国)(00743.HK)：前九个月股东应占亏损4.59亿元
• ·某地址大手笔购入SOON币成为最大持仓者
• ·2000年比特币行情
• ·zec币的交易平台-
• ·SOL币与BCH的区别详解
• ·zec什么价格今天-zec今日的价格
• ·小规模可以抵扣税率13%的发票吗
• ·2025年全球比特币十大矿池最新排名
• ·XRP 价格未来可能上涨 1,233%
• ·币圈助手app下载_专业性强的usdtapp排名汇总
• ·Anthropic 首席执行官表示，人工智能模型“可能”比人类产生幻觉的程度更低
• ·Aethir Checker节点回购计划详解：机制亮点与用户获益分析
• ·虚拟币平台app正规的有哪些？十大虚拟币交易软件app
• ·Bitcoin rebounds and surges to $58000! NYDIG: Short term gains difficult to sustain, fourth quarter is key
• ·同仁堂：同仁堂制药厂养阴清肺丸获加拿大产品许可证