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Which cryptocurrencies are most commonly used as a reference for trading Micro E-mini S&P futures?

avatarNilma JohanssonNov 26, 2021 · 3 years ago1 answers

When it comes to trading Micro E-mini S&P futures, which cryptocurrencies are frequently used as a benchmark or reference?

Which cryptocurrencies are most commonly used as a reference for trading Micro E-mini S&P futures?
Cryptocurrencies
Trading
Micro E-mini S&P Futures

1 answers

  • avatarNov 26, 2021 · 3 years ago
    In the world of trading Micro E-mini S&P futures, Bitcoin (BTC) is often regarded as the go-to cryptocurrency for reference. Its status as the first and most well-known cryptocurrency, coupled with its high liquidity and market capitalization, make it a reliable indicator for market trends. Ethereum (ETH) is another popular choice, given its significant market share and active trading volume. Traders may also consider Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH) as references, depending on their market performance and overall influence. It's important to note that the choice of reference cryptocurrencies may vary among traders and can be influenced by individual trading strategies and preferences.

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