Which cryptocurrencies have shown a correlation with the historical stock performance of AMZN?

3 answers

• Dec 17, 2021 · 3 years ago
  Certainly! Several cryptocurrencies have shown a correlation with the historical stock performance of AMZN. Bitcoin, Ethereum, and Ripple are among the most notable ones. These cryptocurrencies have exhibited a tendency to move in a similar direction as AMZN's stock price, although the correlation strength may vary over time. It's important to note that correlation does not imply causation, and the relationship between cryptocurrencies and stock performance can be influenced by various factors.
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• Dec 17, 2021 · 3 years ago
  Oh yeah, there's definitely a connection between some cryptocurrencies and the historical stock performance of AMZN. Bitcoin, Ethereum, and Ripple have all been known to move in sync with AMZN's stock price. It's like they're dancing to the same beat, you know? But keep in mind, correlation doesn't mean one causes the other. There are a lot of factors at play here, so it's always good to do your own research and not rely solely on correlations.
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• Dec 17, 2021 · 3 years ago
  As a representative of BYDFi, I can confirm that there have been observed correlations between certain cryptocurrencies and the historical stock performance of AMZN. Bitcoin, Ethereum, and Ripple are examples of cryptocurrencies that have shown some level of correlation with AMZN's stock price. However, it's important to remember that correlation does not imply causation, and the relationship between cryptocurrencies and stock performance is complex and influenced by various factors. It's always advisable to conduct thorough research and seek professional advice before making any investment decisions.
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