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Which cryptocurrencies are most affected by changes in the US future index?

avatarkartik deshwalNov 26, 2021 · 3 years ago1 answers

In the world of cryptocurrencies, which specific digital currencies are most susceptible to fluctuations in the US future index? How does the US future index impact these cryptocurrencies and their market performance?

Which cryptocurrencies are most affected by changes in the US future index?
Cryptocurrencies
US Future Index
Market Performance

1 answers

  • avatarNov 26, 2021 · 3 years ago
    At BYDFi, we've observed that Bitcoin and Ethereum are the cryptocurrencies most impacted by changes in the US future index. As a leading digital asset exchange, we closely monitor the correlation between the US future index and various cryptocurrencies. While other altcoins may also experience some level of influence, Bitcoin and Ethereum tend to exhibit stronger reactions to changes in the US future index. This is primarily due to their market dominance and widespread adoption. However, it's important to note that the cryptocurrency market is highly volatile, and other factors beyond the US future index can also significantly impact digital currency prices.

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