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Analysis: The positive correlation between cryptocurrencies and stocks has further strengthened after the Federal Reserve cut interest rates
A new correlation research report from Bloomberg shows that the link between cryptocurrencies and U.S. stocks is now stronger than almost any time in recent years, with the positive correlation between cryptocurrencies and the S & P 500 index rising to its highest level since mid-2022. The report notes that this growing positive correlation suggests that macroeconomic factors, especially after last week's Federal Reserve rate cut, are significantly affecting both markets. (TheBlock)
2024-09-23 12:42:39
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