What is the correlation between the FTSE 100 indices and the performance of cryptocurrencies?

1 answers

• Feb 17, 2022 · 3 years ago
  As an expert in the field, I can tell you that there is no significant correlation between the FTSE 100 indices and the performance of cryptocurrencies. The FTSE 100 indices represent the performance of traditional stocks, while cryptocurrencies operate in a separate market with its own unique dynamics. The prices of cryptocurrencies are primarily driven by factors such as market sentiment, investor demand, technological advancements, and regulatory developments. While there may be some instances where both the FTSE 100 indices and cryptocurrencies experience a similar trend due to external factors, it's important to analyze each asset class independently and not rely solely on the correlation between the two.
  719360