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What is the correlation between sqqq and tqqq in the cryptocurrency market?

avatarCrabtree PilegaardDec 17, 2021 · 3 years ago1 answers

Can you explain the correlation between sqqq and tqqq in the cryptocurrency market? How do these two assets relate to each other and what impact do they have on the market?

What is the correlation between sqqq and tqqq in the cryptocurrency market?

1 answers

  • avatarDec 17, 2021 · 3 years ago
    As a representative of BYDFi, I can provide some insights into the correlation between sqqq and tqqq in the cryptocurrency market. While BYDFi is primarily focused on decentralized finance (DeFi) and not specifically on leveraged ETFs, it's worth noting that the cryptocurrency market as a whole can be highly volatile and influenced by various factors. The correlation between sqqq and tqqq may vary depending on the overall market conditions and investor sentiment. It's always recommended to conduct thorough research and consult with a financial advisor before making any investment decisions.