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：宏观研究)

• ·美联储大转向开启，市场波动性加剧
• ·10月31日南方产业智选股票净值下跌0.38%，近1个月累计下跌3.2%
• ·国债投资收益是否缴纳增值税
• ·Coinbase Prime将于6月14日进行系统升级暂时下线
• ·火币网k线图
• ·10月31日融通领先成长混合(LOF)A净值增长0.08%，近3个月累计上涨10.87%
• ·火币搬砖
• ·10月31日招商瑞恒一年持有期混合C净值增长0.02%，今年来累计上涨1.22%
• ·火币交易比特币
• ·10月31日长信稳健精选混合C净值下跌0.03%，近1个月累计上涨0.56%
• ·阿瓦隆721价格-阿瓦隆1047价格
• ·美国万维币交易平台
• ·比特币：分析为什么 BTC 的峰值可能比预期更远
• ·10月31日交银股息优化混合净值下跌1.30%，今年来累计下跌15.58%
• ·火币网不能提现
• ·会计兼职属于工资还是劳务