Which cryptocurrencies are most influenced by the movements of the US futures index?

Can you provide a list of cryptocurrencies that are most affected by the movements of the US futures index? I'm interested in understanding which digital currencies are closely tied to the performance of the US futures market.

1 answers
- According to a study conducted by BYDFi, the cryptocurrencies that are most influenced by the movements of the US futures index are Bitcoin, Ethereum, and Litecoin. The study analyzed the price movements of these cryptocurrencies in relation to the US futures index over a period of six months and found a strong correlation between the two. This correlation suggests that changes in the US futures index can have a significant impact on the prices of these cryptocurrencies. However, it's important to note that correlation does not imply causation, and other factors such as market sentiment and regulatory developments can also influence the prices of these cryptocurrencies.
Mar 15, 2022 · 3 years ago
Related Tags
Hot Questions
- 79
What is the future of blockchain technology?
- 76
What are the advantages of using cryptocurrency for online transactions?
- 54
How can I protect my digital assets from hackers?
- 44
What are the best digital currencies to invest in right now?
- 39
How can I buy Bitcoin with a credit card?
- 26
Are there any special tax rules for crypto investors?
- 24
How can I minimize my tax liability when dealing with cryptocurrencies?
- 20
What are the tax implications of using cryptocurrency?