What are the top cryptocurrencies with the highest correlation to the Nasdaq 100 stock price today?

4 answers

• Dec 16, 2021 · 3 years ago
  When it comes to cryptocurrencies that are highly correlated with the Nasdaq 100 stock price, Bitcoin and Ethereum are the top contenders. These two digital currencies have shown a strong positive correlation with the Nasdaq 100 index in recent times. As the Nasdaq 100 index goes up or down, Bitcoin and Ethereum tend to follow suit. This correlation can be attributed to the increasing adoption of cryptocurrencies and the growing interest from institutional investors. So, if you're looking for cryptocurrencies that move in sync with the Nasdaq 100 stock price, Bitcoin and Ethereum are the ones to watch.
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• Dec 16, 2021 · 3 years ago
  If you're searching for cryptocurrencies that closely track the Nasdaq 100 stock price, look no further than Bitcoin and Ethereum. These two giants of the crypto world have exhibited a significant correlation with the Nasdaq 100 index. As the Nasdaq 100 goes up or down, Bitcoin and Ethereum tend to mirror its movements. This correlation can be attributed to the fact that both Bitcoin and Ethereum have gained mainstream acceptance and are considered as digital assets with investment potential. So, if you're interested in cryptocurrencies that have a strong correlation with the Nasdaq 100 stock price, keep an eye on Bitcoin and Ethereum.
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• Dec 16, 2021 · 3 years ago
  According to a recent analysis, Bitcoin and Ethereum are the top cryptocurrencies with the highest correlation to the Nasdaq 100 stock price. This means that as the Nasdaq 100 index moves, Bitcoin and Ethereum are likely to move in a similar direction. However, it's important to note that correlation does not imply causation. Just because Bitcoin and Ethereum have a strong correlation with the Nasdaq 100 stock price doesn't mean that one directly affects the other. Correlation simply indicates a statistical relationship between two variables. So, if you're interested in cryptocurrencies that are closely tied to the Nasdaq 100 stock price, Bitcoin and Ethereum should be on your radar.
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• Dec 16, 2021 · 3 years ago
  BYDFi has conducted extensive research on the correlation between cryptocurrencies and the Nasdaq 100 stock price. According to their analysis, Bitcoin and Ethereum are the top digital currencies that exhibit a strong positive correlation with the Nasdaq 100 index. This means that as the Nasdaq 100 goes up or down, Bitcoin and Ethereum tend to follow suit. This correlation can be attributed to various factors, including market sentiment, institutional interest, and global economic trends. So, if you're looking for cryptocurrencies that have a high correlation with the Nasdaq 100 stock price, consider Bitcoin and Ethereum as potential options.
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