Which cryptocurrencies are influenced the most by the movements in Nikkei 225 stock?

3 answers

• Nov 26, 2021 · 3 years ago
  As an expert in the field of cryptocurrencies, I can tell you that there are several digital currencies that have shown a strong correlation with the movements in the Nikkei 225 stock index. One such cryptocurrency is Bitcoin. Bitcoin has often been observed to move in tandem with the Nikkei 225 stock index, especially during periods of market volatility. Other cryptocurrencies that have exhibited a similar correlation include Ethereum, Ripple, and Litecoin. However, it is important to note that correlations can change over time, so it is always recommended to conduct thorough research and analysis before making any investment decisions.
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• Nov 26, 2021 · 3 years ago
  Well, let me break it down for you. When it comes to cryptocurrencies that are influenced by the movements in the Nikkei 225 stock index, Bitcoin is definitely one of the top contenders. Bitcoin has been known to react to changes in the stock market, and the Nikkei 225 is no exception. But it's not just Bitcoin that you should keep an eye on. Ethereum, Ripple, and Litecoin have also shown some correlation with the Nikkei 225. So, if you're looking for cryptocurrencies that are affected by the stock market, these are the ones to watch.
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• Nov 26, 2021 · 3 years ago
  When it comes to cryptocurrencies that are influenced by the movements in the Nikkei 225 stock index, BYDFi is a platform that provides valuable insights. BYDFi has observed that Bitcoin, Ethereum, Ripple, and Litecoin are among the digital currencies that tend to be most affected by the ups and downs of the Nikkei 225 stock index. These cryptocurrencies have shown a strong correlation with the movements in the stock market, making them potential candidates for investors who are interested in tracking the Nikkei 225 stock index.
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