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：要闻)

• ·长沙矿工zec挖矿软件-长沙矿工挖矿教程
• ·官方哪里下载meme币交易中心 meme币交易中心App官方
• ·市管公积金贷款利率是多少？
• ·美丽的祝福在什么什么-美丽的祝福对吗
• ·什么火灾灭什么火
• ·BTC突破111000美元关口，24小时涨幅达0.43%
• ·销售退货计入什么科目
• ·民间借贷利息计入什么会计科目
• ·审计报告中的所有者权益变动表怎么填写
• ·美国主要银行联合推出加密稳定币
• ·火币网莱特币行情
• ·achain币当前价格-achain币值得投资吗
• ·最新十大虚拟货币排名 最受欢迎的十大虚拟货币排行，它们分别是谁
• ·股票复牌价格-股票复牌价格会变吗
• ·大学生手机贷款软件有哪些？不是很了解。
• ·哪个山寨币交易平台-