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<p><strong>Key points</strong>:</p>  
<ul class="wp-block-list">
 <li><em>Cryptocurrencies and U.S. stocks are now more closely aligned than at almost any time in recent years, according to a Bloomberg report on a new correlation study.</em></li>  
 <li><em>This increasing positive correlation suggests that macroeconomic factors, particularly following last week’s Federal Reserve rate cut, are significantly influencing both markets, the report noted.</em></li> 
</ul>  
<h5 class="wp-block-heading"><strong>The Crypto S&amp;P 500 correlation has risen to 0.67, indicating macroeconomic factors are affecting both markets. Analysts expect the trend to persist with favorable conditions for crypto.</strong></h5>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/09/telegram-cloud-photo-size-5-6309592796943727647-y.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/09/telegram-cloud-photo-size-5-6309592796943727647-y-1024x576.jpg" alt="Crypto S&amp;P 500 Correlation Hits High After Fed Rate Cut: Bloomberg" class="wp-image-284138"></a>
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<h2 class="wp-block-heading" id="strong-crypto-sp-500-correlation-reaches-highest-level-since-2022-strong"><strong>Crypto S&amp;P 500 Correlation Reaches Highest Level Since 2022</strong></h2>  
<p><a href="https://www.bloomberg.com/news/articles/2024-09-23/crypto-s-correlation-with-us-stocks-nears-record-in-fed-fallout" target="_blank" rel="noopener noreferrer nofollow">According to Bloomberg data</a>, the correlation between cryptocurrencies and the S&amp;P 500 has reached 0.67. This strong relationship suggests that U.S. macroeconomic factors, such as inflation and interest rates, are driving both crypto and stock market volatility.</p>  
<p>Analysts expect the positive correlation to remain strong, especially as the U.S. economy heads toward a potential soft landing. A more favorable liquidity environment could also fuel the next crypto bull market.</p>  
<p class="has-background" style="background-color:#222222"><strong>Read more:<a href="https://coincu.com/242737-revolut-paused-some-crypto-services-by-fca/" target="_blank" rel="noopener noreferrer nofollow"> </a><a href="https://coincu.com/84544-central-bank-russia-allow-trade-crypto/" data-type="link" data-id="https://coincu.com/84544-central-bank-russia-allow-trade-crypto/" target="_blank" rel="noopener noreferrer nofollow">Interest Rate Forecast Shows 70% of Polymarket Traders Predict Fed Cut</a></strong></p>  
<h2 class="wp-block-heading" id="strong-positive-crypto-sp-500-correlation-points-to-market-uptrend-strong"><strong>Positive Crypto S&amp;P 500 Correlation Points to Market Uptrend</strong></h2>  
<p>As the cryptocurrency market becomes more correlated with the S&amp;P 500, recent macroeconomic events are impacting both assets. Bitcoin’s price rise mirrors that of stocks, indicating a growing correlation between the two.</p>  
<p>With the Federal Reserve’s recent rate cuts and an improving liquidity environment, experts see further upside potential in the cryptocurrency market. Political developments, such as <a href="https://www.theblock.co/post/317565/kamala-harris-presidency-might-be-even-better-for-bitcoin-say-vaneck-analysts" target="_blank" rel="noopener noreferrer nofollow">Kamala Harris’s</a> endorsement of cryptocurrencies, are also seen as positive catalysts.</p>  
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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Crypto S&P 500 Correlation Hits High After Fed Rate Cut: Bloomberg

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