Which cryptocurrencies are most closely correlated with the performance of the NASDAQ index?

7 answers

• Nov 26, 2021 · 3 years ago
  Certainly! When it comes to cryptocurrencies that are closely correlated with the NASDAQ index, Bitcoin and Ethereum are two of the most notable ones. These two cryptocurrencies have shown a relatively strong correlation with the performance of the NASDAQ stock market. However, it's important to note that correlation does not necessarily imply causation, and the relationship between cryptocurrencies and traditional stock markets can be influenced by various factors.
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• Nov 26, 2021 · 3 years ago
  Well, if you're looking for cryptocurrencies that move in sync with the NASDAQ index, you can't go wrong with Bitcoin and Ethereum. These two digital currencies have demonstrated a significant correlation with the performance of the NASDAQ stock market. It's worth mentioning that correlation doesn't guarantee identical movements, as the cryptocurrency market is influenced by its own unique dynamics.
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• Nov 26, 2021 · 3 years ago
  As a representative from BYDFi, I can tell you that Bitcoin and Ethereum are the cryptocurrencies that are most closely correlated with the NASDAQ index. These two digital assets have shown a strong correlation with the performance of the NASDAQ stock market. However, it's important to keep in mind that correlation doesn't necessarily indicate a causal relationship, and the cryptocurrency market can be influenced by various factors.
  436109
• Nov 26, 2021 · 3 years ago
  If you're interested in cryptocurrencies that have a high correlation with the NASDAQ index, Bitcoin and Ethereum are the ones to watch. These two digital currencies have exhibited a strong correlation with the performance of the NASDAQ stock market. However, it's important to remember that correlation doesn't imply causation, and the relationship between cryptocurrencies and traditional stock markets can be influenced by a multitude of factors.
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• Nov 26, 2021 · 3 years ago
  When it comes to cryptocurrencies that closely follow the movements of the NASDAQ index, Bitcoin and Ethereum are the top contenders. These two digital currencies have demonstrated a strong correlation with the performance of the NASDAQ stock market. It's worth noting that correlation doesn't necessarily mean identical price movements, as the cryptocurrency market has its own unique characteristics.
  40267
• Nov 26, 2021 · 3 years ago
  Bitcoin and Ethereum are the cryptocurrencies that are most closely correlated with the NASDAQ index. These two digital assets have shown a strong correlation with the performance of the NASDAQ stock market. However, it's important to remember that correlation doesn't imply causation, and the cryptocurrency market can be influenced by various factors.
  35351
• Nov 26, 2021 · 3 years ago
  Looking for cryptocurrencies that move in sync with the NASDAQ index? Bitcoin and Ethereum are your best bets. These two digital currencies have a strong correlation with the performance of the NASDAQ stock market. Just keep in mind that correlation doesn't guarantee identical movements, as the cryptocurrency market operates on its own set of rules.
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