Which cryptocurrencies have a correlation with GLD after hours trading?

3 answers

• Dec 18, 2021 · 3 years ago
  The correlation between GLD and cryptocurrencies during after hours trading can vary. However, historically, Bitcoin (BTC) has shown a relatively strong correlation with GLD. This is mainly due to Bitcoin being considered a store of value similar to gold. Other cryptocurrencies that have shown some correlation with GLD include Ethereum (ETH) and Litecoin (LTC). It's important to note that correlation does not imply causation, and the relationship between GLD and cryptocurrencies can change over time.
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• Dec 18, 2021 · 3 years ago
  After hours trading can be a volatile period for both GLD and cryptocurrencies. While some cryptocurrencies may show a correlation with GLD during after hours trading, it's crucial to consider other factors such as market sentiment, news events, and overall market conditions. It's always recommended to conduct thorough research and analysis before making any investment decisions based on correlations.
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• Dec 18, 2021 · 3 years ago
  According to a recent analysis by BYDFi, a leading cryptocurrency research firm, the cryptocurrencies that have shown the highest correlation with GLD during after hours trading are Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). This correlation can be attributed to the perception of these cryptocurrencies as alternative investments and stores of value. However, it's important to note that correlation does not guarantee future performance, and investors should always exercise caution and conduct their own research.
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