Which cryptocurrencies are most closely correlated with the stock price of AAPL?

3 answers

• Dec 17, 2021 · 3 years ago
  As an expert in SEO and digital marketing, I can tell you that the cryptocurrencies most closely correlated with the stock price of AAPL are Bitcoin (BTC) and Ethereum (ETH). These two cryptocurrencies have shown a strong positive correlation with AAPL's stock price over the years. This means that when AAPL's stock price goes up, the prices of BTC and ETH also tend to rise, and vice versa. It's important to note that correlation does not imply causation, but it does provide some insights into the relationship between these assets.
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• Dec 17, 2021 · 3 years ago
  Well, if you're looking for a quick answer, Bitcoin (BTC) and Ethereum (ETH) are the top cryptocurrencies that are closely correlated with the stock price of AAPL. This correlation is mainly due to the fact that BTC and ETH are the most established and widely recognized cryptocurrencies in the market. As a result, they often move in sync with major market trends, including the stock price of large companies like AAPL. So, if you're keeping an eye on AAPL's stock price, it might be worth paying attention to BTC and ETH as well.
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• Dec 17, 2021 · 3 years ago
  According to my analysis, Bitcoin (BTC) and Ethereum (ETH) are the cryptocurrencies that have the highest correlation with the stock price of AAPL. This correlation can be attributed to several factors. First, BTC and ETH are the largest cryptocurrencies by market capitalization, which means they often attract the most attention from investors. Second, both BTC and ETH have a strong presence in the financial industry and are often seen as a store of value or a hedge against traditional assets. Finally, the technology behind BTC and ETH, namely blockchain, has gained significant traction in recent years, and this has further increased the correlation between these cryptocurrencies and the stock price of AAPL. So, if you're interested in the relationship between AAPL and cryptocurrencies, BTC and ETH are definitely worth considering.
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