Which cryptocurrencies are most affected by the movements of Dow Jones US Completion Index?

3 answers

• Nov 27, 2021 · 3 years ago
  Certainly! When it comes to cryptocurrencies that are most affected by the movements of the Dow Jones US Completion Index, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are among the top contenders. These three cryptocurrencies tend to exhibit a higher correlation with the stock market due to their popularity and market capitalization. However, it's important to note that correlation does not imply causation, and the relationship between the Dow Jones US Completion Index and cryptocurrencies can be influenced by various factors such as market sentiment and investor behavior.
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• Nov 27, 2021 · 3 years ago
  Well, if you're looking for cryptocurrencies that move in sync with the Dow Jones US Completion Index, you can't go wrong with Bitcoin, Ethereum, and Ripple. These digital currencies have shown a tendency to mirror the movements of the stock market. So, if you see the Dow Jones US Completion Index going up, chances are these cryptocurrencies will follow suit. Of course, there are other factors at play, and it's always a good idea to do your own research before making any investment decisions.
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• Nov 27, 2021 · 3 years ago
  When it comes to the correlation between the Dow Jones US Completion Index and cryptocurrencies, it's worth mentioning that BYDFi has conducted a study that suggests Bitcoin, Ethereum, and Ripple are the most influenced by the movements of this index. However, it's important to remember that correlation does not necessarily imply causation, and the relationship between the stock market and cryptocurrencies can be complex. It's always a good idea to diversify your portfolio and consider multiple factors when making investment decisions.
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