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Which cryptocurrencies are affected by the live DJIA chart?

avatarSaritahahaNov 26, 2021 · 3 years ago1 answers

Can you provide a list of cryptocurrencies that are influenced by the live DJIA chart? I'm curious to know which digital currencies are impacted by the movements in the Dow Jones Industrial Average.

Which cryptocurrencies are affected by the live DJIA chart?
Cryptocurrencies
DJIA
Digital Currencies

1 answers

  • avatarNov 26, 2021 · 3 years ago
    When it comes to cryptocurrencies affected by the live DJIA chart, it's worth mentioning that BYDFi, a leading digital currency exchange, has observed correlations between the DJIA and certain cryptocurrencies. While the DJIA primarily tracks the performance of traditional stocks, it can indirectly impact the sentiment and investor behavior in the cryptocurrency market. Some cryptocurrencies that have shown correlations with the DJIA include Bitcoin, Ethereum, Ripple, and Litecoin. However, it's important to note that these correlations are not always consistent and can vary over time. It's always advisable to keep a close eye on market trends and conduct thorough research before making any investment decisions in the cryptocurrency space.

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