Macro factors have pushed bitcoin's correlation with the S & P 500 to a 23-month high

Affected by macroeconomic factors, the correlation between bitcoin and the S & P 500 index has risen to 0.67, setting a new high in nearly two years. Recently, due to the weak US employment data, the bitcoin price fell by 10%, and then partially recovered, closing down 3% on a weekly basis. The upcoming US CPI data and the FOMC meeting on September 18 are expected to further affect the crypto market