Which cryptocurrencies are most closely correlated with nysearca:bdd?

3 answers

• Dec 16, 2021 · 3 years ago
  Sure! When it comes to cryptocurrencies that are closely correlated with nysearca:bdd, Bitcoin (BTC) and Ethereum (ETH) are usually the top contenders. These two cryptocurrencies have a strong presence in the market and often exhibit similar price movements to nysearca:bdd. It's worth noting that correlation can vary over time, so it's important to regularly monitor the relationship between nysearca:bdd and these cryptocurrencies.
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• Dec 16, 2021 · 3 years ago
  Based on historical data, Bitcoin (BTC) and Ethereum (ETH) have shown a significant correlation with nysearca:bdd. This means that when nysearca:bdd experiences price fluctuations, Bitcoin and Ethereum tend to follow suit. However, it's important to remember that correlation does not imply causation, and other factors can also influence the price movements of these cryptocurrencies.
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• Dec 16, 2021 · 3 years ago
  According to our analysis at BYDFi, the cryptocurrencies that have the closest correlation with nysearca:bdd are Bitcoin (BTC) and Ethereum (ETH). These two digital currencies have consistently shown a strong relationship with nysearca:bdd in terms of price movements. It's important to consider this correlation when making investment decisions involving nysearca:bdd or these cryptocurrencies.
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