Which cryptocurrencies are most correlated with the performance of the Dow Jones U.S. Completion TSM Index?

3 answers

• Nov 23, 2021 · 3 years ago
  When it comes to cryptocurrencies that show a strong correlation with the Dow Jones U.S. Completion TSM Index, Bitcoin and Ethereum are among the top contenders. These two major cryptocurrencies have established themselves as the leaders in the market and are often seen as indicators of the overall market sentiment. As a result, their performance tends to align with broader market trends, including the movements of the Dow Jones U.S. Completion TSM Index.
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• Nov 23, 2021 · 3 years ago
  If you're looking for cryptocurrencies that closely follow the performance of the Dow Jones U.S. Completion TSM Index, it's worth keeping an eye on Litecoin and Ripple as well. While not as dominant as Bitcoin and Ethereum, these cryptocurrencies have shown a certain level of correlation with the index in the past. However, it's important to note that correlations can change over time, so it's always a good idea to conduct thorough research and analysis before making any investment decisions.
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• Nov 23, 2021 · 3 years ago
  According to our analysis at BYDFi, the cryptocurrencies that exhibit the highest correlation with the Dow Jones U.S. Completion TSM Index are Bitcoin, Ethereum, and Litecoin. These digital currencies have consistently demonstrated a strong relationship with the index, making them potential indicators of the overall market performance. It's important to consider that correlation does not imply causation, and other factors may influence the movements of both the index and these cryptocurrencies.
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