💻 Bloomberg: the indicator of correlation between cryptocurrencies and U.S. stocks has updated a two-year high
💰The correlation of cryptocurrencies with U.S. stocks has reached a level last seen in the second quarter of 2022, amid the Federal Reserve's decision to cut interest rates.
🤑The correlation coefficient of the top 100 largest cryptocurrencies with the S&P 500 index is about 0.67. In the second quarter of 2022, it is 0.72.
