Which cryptocurrencies are most affected by live DJIA futures?
Rajdeep JadavNov 28, 2021 · 3 years ago3 answers
Can you provide a list of cryptocurrencies that are most influenced by live DJIA futures? I'm curious to know which digital currencies are more likely to be impacted by the movements in the live DJIA futures market.
3 answers
- Nov 28, 2021 · 3 years agoAs an expert in the field, I can tell you that Bitcoin and Ethereum are among the cryptocurrencies that are most affected by live DJIA futures. These two digital currencies have a significant market capitalization and are often considered as the bellwethers of the cryptocurrency market. Therefore, any major movements in the DJIA futures market can have a ripple effect on Bitcoin and Ethereum, causing their prices to fluctuate accordingly.
- Nov 28, 2021 · 3 years agoWell, when it comes to cryptocurrencies that are influenced by live DJIA futures, it's important to understand that the correlation between the two markets is not always straightforward. While Bitcoin and Ethereum are generally considered to be more affected, other digital currencies like Ripple, Litecoin, and Bitcoin Cash can also experience some impact. However, the extent of their correlation with live DJIA futures may vary. It's always a good idea to keep an eye on the DJIA futures market if you're trading these cryptocurrencies.
- Nov 28, 2021 · 3 years agoAccording to a recent analysis by BYDFi, a digital currency exchange, the cryptocurrencies that are most affected by live DJIA futures are Bitcoin, Ethereum, and Ripple. These three digital currencies have shown a strong correlation with the movements in the DJIA futures market. It's important to note that this correlation is not always one-to-one and can be influenced by various factors. However, if you're looking to trade cryptocurrencies based on live DJIA futures, these three are worth keeping an eye on.
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