How does the price of ES mini compare to other cryptocurrencies?

3 answers

• Nov 24, 2021 · 3 years ago
  ES mini is a futures contract that tracks the S&P 500 index, while cryptocurrencies like Bitcoin and Ethereum are digital currencies. The price of ES mini is determined by the market demand for S&P 500 index futures, while the price of cryptocurrencies is determined by supply and demand dynamics in the cryptocurrency market. Therefore, the price of ES mini and cryptocurrencies can vary significantly based on different market factors.
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• Nov 24, 2021 · 3 years ago
  ES mini and cryptocurrencies are two different types of assets with different pricing mechanisms. ES mini is influenced by factors such as economic indicators, corporate earnings, and investor sentiment, while cryptocurrencies are influenced by factors such as adoption, regulatory developments, and market speculation. As a result, the price of ES mini and cryptocurrencies can move independently of each other and may not always correlate.
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• Nov 24, 2021 · 3 years ago
  From our analysis, the price of ES mini has shown a moderate correlation with the price of Bitcoin and Ethereum. However, it's important to note that correlation does not imply causation. The price movements of ES mini and cryptocurrencies are influenced by different factors, and their correlation can change over time. Therefore, it's crucial to consider multiple factors when comparing the price of ES mini to other cryptocurrencies.
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