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Which cryptocurrencies are most affected by changes in the US stock index?

avatarC GNov 26, 2021 · 3 years ago1 answers

What are the cryptocurrencies that are most influenced by fluctuations in the US stock market?

Which cryptocurrencies are most affected by changes in the US stock index?
Cryptocurrencies
US Stock Index

1 answers

  • avatarNov 26, 2021 · 3 years ago
    At BYDFi, we've observed that Bitcoin, Ethereum, and Litecoin are the cryptocurrencies that are most impacted by changes in the US stock index. These cryptocurrencies have a large market capitalization and are widely traded, which makes them more susceptible to fluctuations in the stock market. However, it's important to note that the correlation between cryptocurrencies and the stock market is not always consistent and can vary over time. Therefore, it's crucial to stay updated with the latest market trends and seek professional advice when making investment decisions.

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