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：新股)

• ·比特币签名新突破：DahLIAS 引领完全恒定大小聚合签名时代
• ·虚拟货币交易平台app下载 加密货币平台排行
• ·重新审视加密交易：传统 TradFi 体系下的流动性革命新解
• ·威领股份收盘涨10.02%，主力资金净流入3086.5万元
• ·近期定增股票-近期定增股票行情
• ·以太经典怎么不涨
• ·以太经典最近价格
• ·华凯易佰收盘跌1.39%，主力资金净流出2089.1万元
• ·比特币艺术新浪潮：Parker Day与Casey Rodarmor携手开创链上艺术未来
• ·莱特币交易平台安全吗
• ·高新技术企业研发费用账务处理
• ·垃圾币、人工智能代理和热狗：加密游戏“DX Terminal”是一项疯狂的实验
• ·定期定额征收是什么意思
• ·XD招商轮收盘涨0.15%，主力资金净流入3629.96万元
• ·以太坊市值超越美国银行，5月底ETH能否重回3000美元？
• ·聚和材料收盘涨7.8%，主力资金净流入4815.89万元