Which cryptocurrencies are influenced the most by changes in the Taiwan stock index?

3 answers

• Nov 28, 2021 · 3 years ago
  Cryptocurrencies such as Bitcoin, Ethereum, and Ripple are among the most influenced by changes in the Taiwan stock index. As the stock market in Taiwan experiences fluctuations, these cryptocurrencies tend to follow suit. This correlation can be attributed to the fact that both the stock market and cryptocurrencies are influenced by similar factors such as investor sentiment, economic indicators, and global market trends. It is important for investors to monitor the Taiwan stock index when trading these cryptocurrencies to make informed decisions.
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• Nov 28, 2021 · 3 years ago
  When it comes to the correlation between the Taiwan stock index and cryptocurrencies, there are a few specific cryptocurrencies worth mentioning. Litecoin, for example, has shown a strong positive correlation with the Taiwan stock index in recent years. On the other hand, cryptocurrencies like Cardano and Stellar have exhibited a weaker correlation. It's important to note that correlation does not imply causation, and the relationship between the Taiwan stock index and cryptocurrencies may change over time.
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• Nov 28, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has observed that the performance of cryptocurrencies is indeed influenced by changes in the Taiwan stock index. However, the extent of this influence varies among different cryptocurrencies. While some cryptocurrencies closely track the movements of the Taiwan stock index, others show little to no correlation. It is crucial for investors to conduct thorough research and analysis to understand the specific dynamics between the Taiwan stock index and the cryptocurrencies they are interested in trading.
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