Which cryptocurrencies are most influenced by changes in the NASDAQ index?

3 answers

• Dec 19, 2021 · 3 years ago
  Certainly! When it comes to cryptocurrencies that are most influenced by changes in the NASDAQ index, Bitcoin and Ethereum are at the top of the list. These two cryptocurrencies have shown a strong correlation with the NASDAQ index in the past, and their prices tend to move in tandem with the stock market. Other cryptocurrencies that are also influenced by the NASDAQ index include Ripple, Litecoin, and Cardano. However, it's important to note that the correlation between cryptocurrencies and the stock market can change over time, so it's always a good idea to keep an eye on the latest market trends and news.
  615308
• Dec 19, 2021 · 3 years ago
  Well, if you're looking for cryptocurrencies that are affected by changes in the NASDAQ index, you can't ignore the big players like Bitcoin and Ethereum. These two digital currencies have a significant impact on the overall cryptocurrency market, and their prices often reflect the movements in the stock market. However, it's worth mentioning that not all cryptocurrencies are equally influenced by the NASDAQ index. Some smaller and less popular coins may have little to no correlation with the stock market. So, if you're specifically interested in cryptocurrencies that are highly influenced by the NASDAQ index, it's best to focus on the major players in the market.
  672224
• Dec 19, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that Bitcoin and Ethereum are the two cryptocurrencies that are most influenced by changes in the NASDAQ index. These two digital currencies have a strong correlation with the stock market, and their prices often move in sync with the NASDAQ index. However, it's important to note that correlation does not imply causation. Just because Bitcoin and Ethereum are influenced by the NASDAQ index doesn't mean that the stock market directly impacts their prices. There are various factors at play in the cryptocurrency market, and it's always a good idea to conduct thorough research and analysis before making any investment decisions.
  692173