Which cryptocurrencies are most affected by the FTSE opening?

3 answers

• Nov 25, 2021 · 3 years ago
  The FTSE opening can have a significant impact on the value of certain cryptocurrencies. Cryptocurrencies that are closely tied to traditional financial markets, such as Bitcoin and Ethereum, are more likely to experience price fluctuations during the FTSE opening. This is because the opening of the FTSE market can influence investor sentiment and trigger buying or selling pressure on these cryptocurrencies. Additionally, cryptocurrencies that have a strong correlation with the performance of FTSE-listed companies may also be affected. It's important for traders and investors to closely monitor the FTSE opening and its potential impact on the value of cryptocurrencies.
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• Nov 25, 2021 · 3 years ago
  When the FTSE market opens, cryptocurrencies like Bitcoin, Ethereum, and Ripple tend to be the most affected. These cryptocurrencies have a high market capitalization and are widely traded, making them more susceptible to market movements. The FTSE opening can create a ripple effect in the cryptocurrency market, causing prices to either surge or plummet. Traders and investors should be cautious during this time and closely analyze the market trends to make informed decisions.
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• Nov 25, 2021 · 3 years ago
  According to a study conducted by BYDFi, the cryptocurrencies most affected by the FTSE opening are Bitcoin, Ethereum, and Litecoin. These cryptocurrencies have shown a strong correlation with the performance of FTSE-listed companies. When the FTSE market opens, the value of these cryptocurrencies tends to fluctuate significantly. Traders and investors should consider this correlation when making trading decisions and closely monitor the FTSE opening for potential opportunities or risks.
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