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After the Federal Reserve cut interest rates, the correlation between cryptocurrencies and U.S. stocks is close to historical records

According to correlation research, the correlation between digital assets and the U.S. stock market has reached an almost all-time high, indicating that the macroeconomic variables driving the stock market are also affecting the cryptocurrency market. Data compiled by Bloomberg shows that the index measuring the 100 largest digital assets has a 40-day correlation coefficient of about 0.67 with the S & P 500 Index, a level that is only the first in 2022.

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2024-09-23 07:44:12
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