common-close-0
BYDFi
Trade wherever you are!
Markets
Buy Cryptocommon-tiny-triangle-down
Tradecommon-tiny-triangle-down
Derivativeshotcommon-tiny-triangle-down
Trading Bots
Partnershipcommon-tiny-triangle-down
Reward Centercommon-new-0
Halloween Carnival Night
header-more-option
header-global
header-download
header-skin-grey-0

What are the top 5 cryptocurrencies that are influenced by the FTSE 100 index today?

avatarGuido TesiNov 28, 2021 · 3 years ago3 answers

Which cryptocurrencies are currently most affected by the FTSE 100 index? Can you provide a list of the top 5 cryptocurrencies that are influenced by the FTSE 100 index today? I'm interested in knowing which cryptocurrencies tend to move in correlation with the performance of the FTSE 100 index.

What are the top 5 cryptocurrencies that are influenced by the FTSE 100 index today?
Cryptocurrencies
FTSE 100 Index
Correlation

3 answers

  • avatarNov 28, 2021 · 3 years ago
    The top 5 cryptocurrencies that are influenced by the FTSE 100 index today are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have shown a strong correlation with the performance of the FTSE 100 index in recent times. It's important to note that correlation does not imply causation, but it can be useful for investors who are looking for cryptocurrencies that may have a similar market sentiment as the FTSE 100 index.
  • avatarNov 28, 2021 · 3 years ago
    When it comes to cryptocurrencies that are influenced by the FTSE 100 index, the top 5 contenders are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have shown a tendency to move in sync with the performance of the FTSE 100 index. However, it's worth mentioning that correlation does not guarantee future performance, and investors should always conduct thorough research and analysis before making any investment decisions.
  • avatarNov 28, 2021 · 3 years ago
    According to a recent analysis, the top 5 cryptocurrencies that are influenced by the FTSE 100 index today are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies have demonstrated a strong correlation with the movements of the FTSE 100 index. Investors who are interested in cryptocurrencies that are influenced by traditional financial markets may find these options worth considering. However, it's important to remember that correlation does not necessarily imply causation, and the cryptocurrency market can be highly volatile.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions