Analysis: The positive correlation between cryptocurrencies and stocks has further strengthened after the Fed’s rate cut

A new correlation research report from Bloomberg shows that the link between cryptocurrencies and U.S. stocks is now stronger than at almost any time in recent years, with the positive correlation between cryptocurrencies and the S&P 500 rising to mid-2022 highest level since. The report noted that this growing positive correlation indicates that macroeconomic factors, especially after the Federal Reserve cut interest rates last week, are significantly affecting both markets. (TheBlock)