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The correlation between cryptocurrencies<\/a> and U.S. stocks<\/strong> has reached striking levels<\/strong>, according to a recent study revealing<\/a> a coefficient of 0.67.<\/strong><\/p>\n The increase in the relationship between digital asset markets and the S&P 500<\/strong> suggests that macroeconomic variables, especially following the recent interest rate reduction<\/strong> by the Federal Reserve, are playing a crucial role in the dynamics of both sectors. The Fed implemented an aggressive 50 basis point cut<\/strong>, contributing to Bitcoin<\/strong> <\/a>surpassing the $64,000<\/strong> barrier last week, while stocks reached new historical highs<\/strong>.<\/p>\n Economic data from the United States is now essential for traders, who are looking for signals that could indicate the magnitude and pace of future rate cuts<\/strong>.<\/p>\n It is anticipated that comments from Fed officials will have a significant impact, as their reaction to market conditions is seen as a key factor in the evolution of monetary policies<\/strong>. In this context, the release of the personal consumption expenditures price index<\/strong> will be a fundamental event for the week.<\/p>\n The growing correlation between cryptocurrencies and the S&P 500 indicates how recent events in the U.S. economy have affected both assets. Industry specialists anticipate that the positive relationship will persist as the economy seeks a potential soft landing<\/strong>, which could translate into a more favorable environment for liquidity. Such an environment is viewed as conducive to the development of a new bull market for the crypto industry.<\/strong><\/p>\n Additionally, market optimism is supported by the political backing<\/strong> that cryptocurrencies and artificial intelligence are receiving in the lead-up to the U.S. elections. This is complemented by expectations for additional stimulus in China following the recent reduction in borrowing costs,<\/strong> which reinforces optimism in the markets<\/p>\n","protected":false},"excerpt":{"rendered":" TL;DR The correlation between cryptocurrencies and U.S. stocks has reached a coefficient of 0.67, indicating a fundamental relationship between both markets. The recent 50 basis point interest rate cut by the Federal Reserve has pushed Bitcoin above $64,000 and has led stocks to new all-time highs. Comments from the Fed and key economic data are … <\/p>\n![\"crypto](\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/crypto-sp-post-1.jpg\")
<\/p>\nThe Influence of Policy on the Crypto Market<\/h2>\n