Which cryptocurrencies are closely related to the NASDAQ market?

3 answers

• Dec 17, 2021 · 3 years ago
  Cryptocurrencies such as Bitcoin, Ethereum, and Ripple have been found to have a strong correlation with the NASDAQ market. When the NASDAQ market experiences significant movements, these cryptocurrencies tend to follow suit. This correlation can be attributed to the increasing integration of cryptocurrencies into the traditional financial system and the growing interest from institutional investors. As a result, the prices and trading volumes of these cryptocurrencies are influenced by the performance of the NASDAQ market.
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• Dec 17, 2021 · 3 years ago
  The correlation between cryptocurrencies and the NASDAQ market is not always consistent. While some cryptocurrencies may exhibit a strong correlation, others may have a weaker or even negative correlation. Factors such as market sentiment, regulatory developments, and technological advancements can also impact the relationship between cryptocurrencies and the NASDAQ market. It is important for investors to closely monitor these factors and conduct thorough analysis before making investment decisions.
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• Dec 17, 2021 · 3 years ago
  According to a recent study conducted by BYDFi, the cryptocurrencies that are most closely related to the NASDAQ market are Bitcoin, Ethereum, and Litecoin. These cryptocurrencies have shown a high degree of correlation with the NASDAQ market over a significant period of time. The relationship between these cryptocurrencies and the NASDAQ market can have a significant impact on their prices and trading volumes. Investors who are interested in trading these cryptocurrencies should closely monitor the performance of the NASDAQ market and consider its potential influence on their investments.
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