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：白银TD)

• ·火币网积分
• ·黑石集团披露其1万亿美元投资组合中持有比特币ETF
• ·eth显卡算力软件
• ·变盘前最后「上车机会」？比特币10.6万刀假突破 Or 历史新高？GASS、RATO要大爆发
• ·虚拟货币用什么钱包好-虚拟币钱包的选择 —— 详解!
• ·XMC门罗币是什么（XMC门罗币价值分析）
• ·个人股票回购-个人股票回购增持贷款
• ·币圈交易中心 币圈交易中心苹果端安装v4.3.7
• ·中国大陆抄币软件_前十虚拟币平台排名合集
• ·Fil会成为第二个以太坊吗(探究Fil和以太坊的异同与前景)
• ·知产链当前价格-知产链当前价格怎么算
• ·火币网怎样
• ·币安创始人赵长鹏：投资加密货币需管理风险，但观望亦不可取
• ·BNB：年轻的泵
• ·净流动资产计算公式是什么
• ·以太坊现货ETF购买教程：九只现货ETF，如何选择？