Which cryptocurrencies have shown a correlation with Nasdaq 100 futures symbol in the past year?

5 answers

• Nov 24, 2021 · 3 years ago
  Certainly! Over the past year, several cryptocurrencies have shown a correlation with the Nasdaq 100 futures symbol. One notable example is Bitcoin (BTC), which has exhibited a moderate positive correlation with the Nasdaq 100 index. Ethereum (ETH) has also shown a similar correlation, although slightly weaker compared to Bitcoin. Other cryptocurrencies such as Ripple (XRP) and Litecoin (LTC) have displayed a weaker correlation, but still exhibit some relationship with the Nasdaq 100 index. It's important to note that correlation does not imply causation, and the relationship between cryptocurrencies and traditional financial markets can be influenced by various factors.
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• Nov 24, 2021 · 3 years ago
  Sure thing! When analyzing the correlation between cryptocurrencies and the Nasdaq 100 futures symbol over the past year, it's evident that Bitcoin (BTC) and Ethereum (ETH) have shown the strongest correlations. Both of these digital currencies have demonstrated a positive relationship with the performance of the Nasdaq 100 index. However, it's important to remember that correlation does not necessarily indicate causation, and the relationship between these assets may be influenced by external factors such as market sentiment and investor behavior.
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• Nov 24, 2021 · 3 years ago
  Well, let me tell you, there are indeed some cryptocurrencies that have shown a correlation with the Nasdaq 100 futures symbol in the past year. Bitcoin (BTC) and Ethereum (ETH) are two prime examples of digital currencies that have exhibited a positive correlation with the Nasdaq 100 index. This means that when the Nasdaq 100 futures symbol experiences a significant movement, it's likely that Bitcoin and Ethereum will also see some price changes. However, it's important to keep in mind that correlation doesn't necessarily imply causation, and the relationship between these assets can be influenced by a multitude of factors.
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• Nov 24, 2021 · 3 years ago
  Oh, you betcha! When it comes to the correlation between cryptocurrencies and the Nasdaq 100 futures symbol, Bitcoin (BTC) and Ethereum (ETH) have definitely shown some interesting connections in the past year. These two digital currencies have displayed a positive correlation with the Nasdaq 100 index, meaning that their price movements tend to align with the performance of the Nasdaq 100 futures symbol. However, it's important to approach this correlation with caution, as it doesn't necessarily imply a causal relationship. Other factors such as market sentiment and external events can also impact the price movements of these cryptocurrencies.
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• Nov 24, 2021 · 3 years ago
  BYDFi, a digital currency exchange, has observed that Bitcoin (BTC) and Ethereum (ETH) have exhibited a correlation with the Nasdaq 100 futures symbol in the past year. This correlation suggests that the price movements of Bitcoin and Ethereum tend to align with the performance of the Nasdaq 100 index. However, it's important to note that correlation does not imply causation, and the relationship between these assets can be influenced by various factors such as market sentiment and external events. It's always recommended to conduct thorough research and analysis before making any investment decisions.
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