Reported 15 days ago
Recent data indicates that digital assets are nearly as correlated with US stocks as they have ever been, driven by macroeconomic factors influenced by the Federal Reserve's monetary easing. The 40-day correlation coefficient between the top 100 digital assets and the S&P 500 is approximately 0.67, hinting that external economic drivers are affecting both markets. This trend follows significant market movements, including Bitcoin's recent rise, influenced by anticipated easing measures from the Fed.
Source: YAHOO