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：黄金TD)

• ·51信用管家薪易贷申请条件有哪些？
• ·中信银行：收到上海证券交易所中止原 A 股股东配售股份审核通知
• ·微粒贷如何一次性还款？具体的步骤是什么呢？
• ·uasf是什么-uaf是什么意思
• ·未抵扣的进项税额作转出处理是什么意思
• ·什么是大气中什么现象-大气中的什么
• ·销售退货计入什么科目
• ·Spark 与 Breez 合作推出用于闪电支付的比特币原生 SDK
• ·股票b系数
• ·ssc币行情最新价格
• ·购买的安全帽怎么做会计分录
• ·HTX DAO布局RWA领域，构建加密自由金融港
• ·首次购入税控设备会计分录怎么做
• ·cfun币价格多少
• ·汛期时间什么至什么
• ·柴犬：人工智能预测2025年5月31日SHIB价格