According to the latest analysis, the correlation between Bitcoin and the global financial market's key indicator, the S&P 500 index, reached a new high of nearly 23 months, with a value of 0.67. This phenomenon suggests that macroeconomic factors have had a notable impact on the cryptocurrency market. Previously, due to disappointing US employment figures, Bitcoin prices experienced a drop of around 10%. Subsequently, there was a market recovery, but in general, Bitcoin prices fell by 3% this week. As the global economic landscape continues to shift, including the impending release of the US Consumer Price Index (CPI) data and the Federal Open Market Committee meeting of the Federal Reserve on September 18th, market expectations are that these events will exert further influence on the cryptocurrency market. Investors and traders are keeping a close eye on these developments to evaluate their potential implications for the price movements of digital currencies.