Which digital currencies have shown the most correlation with the USD forex chart recently?

3 answers

• Dec 16, 2021 · 3 years ago
  Lately, there have been several digital currencies that have shown a strong correlation with the USD forex chart. One notable example is Bitcoin (BTC), which has historically had a close relationship with the USD. Other cryptocurrencies such as Ethereum (ETH) and Ripple (XRP) have also demonstrated a significant correlation with the USD. It's important to note that correlation does not imply causation, but these digital currencies have often moved in tandem with the USD forex chart.
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• Dec 16, 2021 · 3 years ago
  Over the past few months, the correlation between the USD forex chart and digital currencies has been quite evident. Cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) have shown a strong positive correlation with the USD. This means that when the USD strengthens, these digital currencies tend to appreciate in value as well. However, it's worth mentioning that correlation can change over time, so it's important to monitor the market dynamics regularly.
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• Dec 16, 2021 · 3 years ago
  As an expert at BYDFi, I can tell you that recently, the digital currencies that have shown the most correlation with the USD forex chart are Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). These cryptocurrencies have been closely tied to the movements of the USD, and their prices have often mirrored the fluctuations in the USD forex chart. It's always interesting to see how different digital currencies respond to changes in the global forex market.
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