Macroeconomic variables are affecting the cryptocurrency market, and the correlation with the US stock market is approaching historical highs
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:货币)
- ·补提以前年度工会经费可以税前扣除吗
- ·公积金贷款需要社保吗?或者还有其他的条件吗?
- ·股票现在佣金-股票现在佣金是多少
- ·存货周转率计算公式
- ·如何在币圈中成为会卖的老师傅?
- ·加密货币专家警告:2025年以2.40美元出售XRP或导致2027年错失1万美元收益
- ·台灣最具聲量的 Web3 資訊整合:《Crypto Read》區塊鏈聯合電子報正式上線
- ·15开头的是什么股票-15开头是什么股票代码
- ·净经营资产净利率怎么计算
- ·怎么买算力 怎么买算力股
- ·对话 Circle CEO:从监管到创新,美元数字化是大势所趋
- ·交易所用户最多的是_十大网站app软件排名_买uapp
- ·Cardano 2025 年第一季度财报:资金达 11 亿美元,治理参与度不断提升,链上指标呈现混合态势
- ·零币什么价格-零币什么价格最高
- ·比特币实时最新行情-比特币实时最新行情价格
- ·股票期货多少一手-股票期货一手多少钱
- · 十大虚拟货币交易平台app
- · okcoin交易平台
- · 易欧app官网下载
- · 亿欧app下载
- · 欧易app官方下载入口
- · 虚拟货币交易平台有哪些
- · 数字货币交易所
- · 0kx交易所官网
- · 加密货币交易所
- · 欧易最新版本