# Blockchain Market Dynamics 📈

Analysts at K33 Research pointed out that the correlation between Bitcoin and the S&P 500 index reached a 23-month high of 0.67. With the release of CPI on Wednesday and the FOMC meeting on September 18 approaching, the crypto market will usher in more volatility.

Despite bearish market sentiment, the average daily funding rate in the perpetual contract market has fallen to the lowest since March 2023. But analysts believe that this may indicate positive price movements in the coming months. What do you think? Feel free to share your views in the comments section!