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：基金工具)

• ·虚拟货币交易平台排行
• ·申请招联好期贷借款额度是不是循环的呢？
• ·台风什么时候到三亚-台风什么时候到三亚?
• ·10月31日摩根景气甄选混合A净值下跌0.77%，近6个月累计下跌8.58%
• ·2025年十大潜力虚拟币 2025年中国十大虚拟货币排名名单
• ·10月31日宏利成长混合净值增长0.02%，今年来累计上涨44.21%
• ·矿机怎么做
• ·建筑的成本可以不结转吗
• ·虚拟币钱包注册
• ·明虾多少钱一斤
• ·今日币安行情
• ·Gate.io平台合约仓位显示异常引用户关注
• ·美国10年期国债收益率下跌至4.44%
• ·营业费用和销售费用是一样的吗
• ·nest未来币行情
• ·ATM基础需要挖多少-atm机成本