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Bloomberg: Crypto and Stocks Reach Strongest Correlation in Years After Fed Rate Cut
Summary: A Bloomberg report reveals that cryptocurrencies and U.S. stocks are more closely aligned than in recent years, with a 40-day correlation coefficient of 0.67 between the largest 100 cryptocurrencies and the S&P 500. This follows the Federal Reserve’s recent rate cut, and experts predict the correlation will persist as the U.S. economy heads toward a ...
A Bloomberg report reveals that cryptocurrencies and U.S. stocks are more closely aligned than in recent years, with a 40-day correlation coefficient of 0.67 between the largest 100 cryptocurrencies and the S&P 500. This follows the Federal Reserve’s recent rate cut, and experts predict the correlation will persist as the U.S. economy heads toward a soft landing.
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Tags: Bloomberg,Cryptocurrency,S&P 500,US Stocks
Link: Bloomberg: Crypto and Stocks Reach Strongest Correlation in Years After Fed Rate Cut [Copy]
Tags: Bloomberg,Cryptocurrency,S&P 500,US Stocks
Link: Bloomberg: Crypto and Stocks Reach Strongest Correlation in Years After Fed Rate Cut [Copy]
