What is the correlation between NASDAQ stocks and cryptocurrency prices?

1 answers

• Dec 15, 2021 · 3 years ago
  At BYDFi, we have observed some correlation between NASDAQ stocks and cryptocurrency prices. While it's not a direct correlation, we have noticed that positive movements in the NASDAQ stock market tend to have a positive impact on the prices of cryptocurrencies. This can be attributed to the fact that both markets are influenced by similar factors such as investor sentiment and market trends. However, it's important to note that the correlation is not always consistent and can vary depending on various factors. Therefore, it's crucial for investors to conduct thorough research and analysis before making any investment decisions based on the correlation between NASDAQ stocks and cryptocurrency prices.
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