What are the top cryptocurrencies that are influenced by the IHSG?

3 answers

• Dec 19, 2021 · 3 years ago
  The IHSG has a significant impact on the prices and performance of certain cryptocurrencies. Cryptocurrencies that are influenced by the IHSG include Bitcoin, Ethereum, Ripple, and Litecoin. When the IHSG experiences a positive movement, it often leads to an increase in the prices of these cryptocurrencies. Conversely, a negative movement in the IHSG can result in a decrease in their prices. This correlation is due to the fact that the IHSG reflects the overall sentiment and economic conditions in Indonesia, which can affect investor confidence and their willingness to invest in cryptocurrencies.
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• Dec 19, 2021 · 3 years ago
  The IHSG plays a role in shaping the prices of cryptocurrencies in Indonesia. Some of the top cryptocurrencies that are influenced by the IHSG include Bitcoin, Ethereum, Ripple, and Litecoin. When the IHSG goes up, it generally indicates positive market sentiment, which can attract more investors to cryptocurrencies. As a result, the prices of these cryptocurrencies tend to rise. On the other hand, when the IHSG goes down, it can create a sense of uncertainty and caution among investors, leading to a decrease in cryptocurrency prices.
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• Dec 19, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, has observed that the IHSG has a notable impact on the prices and performance of certain cryptocurrencies. Bitcoin, Ethereum, Ripple, and Litecoin are among the top cryptocurrencies that are influenced by the IHSG. When the IHSG experiences a positive movement, it often leads to increased trading activity and higher demand for these cryptocurrencies. This increased demand can drive up their prices. Conversely, a negative movement in the IHSG can result in decreased trading activity and lower demand for these cryptocurrencies, leading to a decline in their prices.
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