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：宏观研究)

• ·辽宁朝阳公积金贷款额度有多高？
• ·如果你在 2020 年投资 1,000 美元于 SHIB，那么现在你将拥有以下金额
• ·Metaplanet 收购 1,004 枚比特币，总持股量增至 7,800 枚比特币
• ·BTC怎么交易？ BTC客户端最新v7.0.6
• ·个税申报时怎么把非正常人员改为正常
• ·OKX 首席營銷官 Haider Rafique：預告與邁凱倫車隊共同設計的「Legend Reborn」塗裝，致敬傳奇，挑戰自我
• ·特朗普家族支持的WLFI项目浮亏超5300万美元
• ·anx交易平台
• ·呼玛属于什么市什么县
• ·怎么交易莱特币
• ·KindlyMD、Nakamoto 和 Anchorage Digital 组建战略性比特币财政联盟
• ·百货公司能开口罩发票吗
• ·冠军侯股票
• ·全球8大币圈交易所排名2023 C交易平台排行榜
• ·央视股票诈骗-央视股票诈骗案例
• ·15千克是多少克？一文说清！15千克等于多少克