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：牌价)

• ·比特币和以太坊ETF单日流入资金超10亿美元，市场热度持续攀升
• ·广东鸿图收盘跌0.91%，主力资金净流出2743.89万元
• ·28 亿美元比特币期权到期会推动市场走势吗？
• ·显卡挖矿需要什么 显卡挖矿需要什么条件
• ·比特币行情速递显示-比特币行情速递显示什么意思
• ·消费凭证到底是啥？如何理解消费凭证的含义？
• ·加密早报：以太坊基金会资金储备充足可维持 10 年，Bybit 将上线 Catizen
• ·中粮科技收盘涨0.52%，主力资金净流出2346.32万元
• ·siamining是什么货币 sie是什么货币
• ·中信建投股票交易软件
• ·比特币签名新突破：DahLIAS 引领完全恒定大小聚合签名时代
• ·鱼池怎么挖矿
• ·电影股票龙头-电影股票龙头股
• ·理财产品到底是什么？如何理解这个概念？
• ·分析师：特朗普关税威胁致使市场乐观情绪消散
• ·Coinbase将被纳入标普500指数，股价涨幅达25%