Coinspeaker
Crypto and US Stock Correlation at Record High
The correlation between cryptocurrencies and US stocks is one for the record. A recent correlation study has shown that both ecosystems are moving in tandem, suggesting that the macroeconomic variables driving equities are also responsible for shaping the crypto market.
US Federal Reserve Interest Cut Impact on Crypto and Stock
To put this in perspective, the largest 100 crypto assets and the S&P 500 Index have a 40-day correlation coefficient gauge of about 0.67. Noteworthy, this level was only exceeded in Q2, 2022, when it topped 0.72, based on the data compiled by Bloomberg. When a reading hits 1, it indicates that assets are in perfect correlation, and a reading of minus 1 signals the opposite.
The past week was filled with excitement, both in the traditional financial market and in Decentralized Finance (DeFi). At the Federal Open Market Committee (FOMC) meeting on September 18, the US Federal Reserve intr
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