Which cryptocurrencies are most affected by changes in the NASDAQ 100 index?

3 answers

• Dec 15, 2021 · 3 years ago
  As an expert in the field, I can tell you that Bitcoin and Ethereum are two of the most affected cryptocurrencies when it comes to changes in the NASDAQ 100 index. These two digital currencies have shown a strong correlation with the stock market, and their prices often reflect the overall sentiment of the market. It's important to note that while Bitcoin and Ethereum are highly influenced by the NASDAQ 100 index, other cryptocurrencies may also be impacted to a certain extent. However, the degree of correlation may vary depending on various factors such as market conditions and investor sentiment.
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• Dec 15, 2021 · 3 years ago
  When it comes to cryptocurrencies that are affected by changes in the NASDAQ 100 index, Bitcoin and Ethereum are definitely at the top of the list. These two digital currencies have established themselves as the leaders in the market and have a significant impact on the overall cryptocurrency ecosystem. Their prices often react to the movements in the stock market, making them important assets to watch for investors who are interested in both traditional stocks and digital currencies. While other cryptocurrencies may also be influenced by the NASDAQ 100 index, Bitcoin and Ethereum remain the most closely tied to the stock market.
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• Dec 15, 2021 · 3 years ago
  According to a study conducted by BYDFi, Bitcoin and Ethereum are the most affected cryptocurrencies when it comes to changes in the NASDAQ 100 index. The research analyzed the price movements of various digital currencies and found that these two had the highest correlation with the stock market. This means that when the NASDAQ 100 index experiences significant changes, Bitcoin and Ethereum are likely to follow suit. It's important for investors to keep an eye on these two cryptocurrencies if they want to gauge the overall sentiment of the market and make informed trading decisions.
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