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：个股)

• ·eth显卡算力软件
• ·央行“下场”买债累计已达5000亿，流动性宽裕下增量政策仍是债市的博弈方向
• ·什么加什么擦玻璃-什么加什么擦玻璃最干净
• ·思创转债：提前全部赎回
• ·火币网与okcoin
• ·10月31日国联成长优选混合A净值下跌0.23%，近1个月累计上涨3.16%
• ·澳大利亚证券和投资委员会寻求高等法院裁决 加密货币收益产品法律地位引发争议
• ·国内币兑换平台-国内币兑换平台有哪些
• ·火币比特币网交易
• ·10月31日兴证全球合衡三年持有混合A净值增长0.01%，近3个月累计上涨18.48%
• ·个人股票回购-个人股票回购增持贷款
• ·盈方微：股票交易异常波动，触发深交所相关规定
• ·脑钱包怎么生成 脑钱包生成器
• ·央行“下场”买债累计已达5000亿，流动性宽裕下增量政策仍是债市的博弈方向
• ·借贷不平衡怎么办
• ·tomtoken钱包app-tomtoken币