Which cryptocurrencies have the highest correlation with USD and GBP?

3 answers

• Dec 17, 2021 · 3 years ago
  As an expert in the field of cryptocurrencies, I can tell you that Bitcoin and Ethereum have historically shown a strong correlation with both the USD and GBP. These two cryptocurrencies are often considered as the benchmark for the crypto market and tend to move in tandem with major fiat currencies. Other cryptocurrencies that have shown some level of correlation with the USD and GBP include Ripple, Litecoin, and Bitcoin Cash. However, it's important to note that the correlation between cryptocurrencies and fiat currencies can change over time, so it's always a good idea to keep an eye on the market trends.
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• Dec 17, 2021 · 3 years ago
  Well, if you're looking for cryptocurrencies that have a high correlation with the USD and GBP, you can't go wrong with Bitcoin and Ethereum. These two heavyweights in the crypto world have a long history of moving in sync with major fiat currencies. In addition to Bitcoin and Ethereum, Ripple, Litecoin, and Bitcoin Cash have also shown some level of correlation with the USD and GBP. However, it's worth mentioning that the correlation between cryptocurrencies and fiat currencies can be influenced by various factors, so it's important to do your own research and stay updated on the latest market trends.
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• Dec 17, 2021 · 3 years ago
  According to a recent study conducted by BYDFi, the top cryptocurrencies that have the highest correlation with the USD and GBP are Bitcoin and Ethereum. These two cryptocurrencies have consistently shown a strong positive correlation with major fiat currencies. In addition to Bitcoin and Ethereum, Ripple, Litecoin, and Bitcoin Cash have also demonstrated some level of correlation with the USD and GBP. However, it's important to note that correlation does not imply causation, and the relationship between cryptocurrencies and fiat currencies can be influenced by a variety of factors such as market sentiment, economic indicators, and regulatory developments.
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