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：经济数据)

• ·黄金正努力摆脱“双顶形态”压制
• ·bcd币今日行情
• ·BingX Launchpool 上線 AgentLayer，推出全新質押機會
• ·Bitwise 首席信息官 Matt Hougan 表示，随着经济波动性消退，比特币价格将突破 20 万美元——以下是时间表
• ·火币充值流程
• ·什么样台风什么-什么台风填空
• ·蚂蚁比特币软件下载
• ·莱特币预测价格
• ·上次该指标转为看涨时 以太坊价格上涨了 90%
• ·什么什么的冰雹-什么什么的冰雹填空词语
• ·火币网收费吗
• ·云币怎么交易
• ·股票式质押-股票式质押式回购
• ·沪股通有哪些股票-沪股通都有哪些股票
• ·美国游客在伦敦遭遇假Uber司机盗窃，损失价值超12万美元加密货币
• ·零币价格今日