Which cryptocurrencies are most influenced by US premarket futures?

3 answers

• Nov 23, 2021 · 3 years ago
  As an expert in the field, I can tell you that Bitcoin and Ethereum are the two cryptocurrencies that are most influenced by US premarket futures. These two cryptocurrencies have a strong correlation with the performance of US premarket futures due to their popularity and market dominance. When US premarket futures show a positive trend, Bitcoin and Ethereum tend to experience an increase in value. On the other hand, if US premarket futures show a negative trend, Bitcoin and Ethereum may see a decrease in value. It's important to note that other cryptocurrencies may also be influenced to some extent, but the impact is generally not as significant as Bitcoin and Ethereum.
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• Nov 23, 2021 · 3 years ago
  When it comes to cryptocurrencies that are influenced by US premarket futures, Bitcoin and Ethereum are definitely the top contenders. These two cryptocurrencies have a long history of being closely tied to the performance of US premarket futures. As the most popular and widely traded cryptocurrencies, they tend to mirror the sentiment of the broader market. If US premarket futures show a positive trend, it's likely that Bitcoin and Ethereum will follow suit and experience a price increase. Conversely, if US premarket futures indicate a negative trend, Bitcoin and Ethereum may face downward pressure. While other cryptocurrencies may also be influenced by US premarket futures, it's important to keep in mind that the impact may vary and is generally not as pronounced as with Bitcoin and Ethereum.
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• Nov 23, 2021 · 3 years ago
  According to a study conducted by BYDFi, the top three cryptocurrencies that are most influenced by US premarket futures are Bitcoin, Ethereum, and Ripple. These cryptocurrencies have shown a strong correlation with the performance of US premarket futures over the past few years. When US premarket futures indicate a positive trend, Bitcoin, Ethereum, and Ripple tend to experience an increase in value. Conversely, if US premarket futures show a negative trend, these cryptocurrencies may face downward pressure. It's worth noting that while other cryptocurrencies may also be influenced by US premarket futures, the impact is generally not as significant as with the top three mentioned.
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