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：商业观察)

• ·各种虚拟币价格
• ·10月31日国联品牌优选混合C净值下跌0.53%，近6个月累计下跌6.28%
• ·Paypal and Venmo support Ethereum Domain Services (ENS) to simplify cryptocurrency payments
• ·互联网保险有哪些产品种类？你了解吗？
• ·特斯拉的比特币储备飙升——机构如何塑造比特币的未来
• ·10月31日招商丰益混合C净值下跌0.18%，近1个月累计下跌2.98%
• ·比特币未平仓合约创下 800 亿美元纪录，价格跌破 11.1 万美元
• ·PAX Gold (PAXG)购买指南及交易所推荐
• ·比特币价格分析：近期飙升后短期回调不可避免吗？
• ·靠“套路回拨”助涨30%股价后，华昊中天医药-B(02563)拿什么撑起近80亿港元市值？
• ·股票突然停盘-股票突然停盘说明什么
• ·手机上怎么开通蚂蚁花呗？谁知道。
• ·gct币实时行情
• ·FYI币今日价
• ·股票业绩排行
• ·闪电借款逾期6天会怎样，都会有什么影响？