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Which cryptocurrencies are most influenced by the movements of the US futures index?

avatarJorgito da Silva PaivaNov 26, 2021 · 3 years ago1 answers

Can you provide a list of cryptocurrencies that are most affected by the movements of the US futures index? I'm interested in understanding which digital currencies are closely tied to the performance of the US futures market.

Which cryptocurrencies are most influenced by the movements of the US futures index?
Cryptocurrencies
US Futures Index
Digital Currencies

1 answers

  • avatarNov 26, 2021 · 3 years ago
    According to a study conducted by BYDFi, the cryptocurrencies that are most influenced by the movements of the US futures index are Bitcoin, Ethereum, and Litecoin. The study analyzed the price movements of these cryptocurrencies in relation to the US futures index over a period of six months and found a strong correlation between the two. This correlation suggests that changes in the US futures index can have a significant impact on the prices of these cryptocurrencies. However, it's important to note that correlation does not imply causation, and other factors such as market sentiment and regulatory developments can also influence the prices of these cryptocurrencies.

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