Macro factors have pushed bitcoin's correlation with the S & P 500 to a 23-month high
2024-09-10 21:23:41
Affected by macroeconomic factors, the correlation between bitcoin and the S & P 500 index has risen to 0.67, setting a new high in nearly two years. Recently, due to the weak US employment data, the bitcoin price fell by 10%, and then partially recovered, closing down 3% on a weekly basis. The upcoming US CPI data and the FOMC meeting on September 18 are expected to further affect the crypto market
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