Are there any correlations between the S&P 500 and the prices of major cryptocurrencies?

3 answers

• Dec 28, 2021 · 3 years ago
  Yes, there have been studies and observations suggesting that there might be some correlations between the S&P 500 and the prices of major cryptocurrencies. Both markets are influenced by global economic factors, investor sentiment, and market trends. However, it's important to note that correlation does not imply causation. While there may be some coincidental movements between the two, it doesn't necessarily mean that one directly affects the other.
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• Dec 28, 2021 · 3 years ago
  Well, the relationship between the S&P 500 and major cryptocurrencies is a topic of debate among experts. Some argue that there are correlations, while others believe that the two markets operate independently. It's worth noting that the cryptocurrency market is relatively new and volatile, which can make it challenging to establish clear correlations with more established markets like the S&P 500.
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• Dec 28, 2021 · 3 years ago
  According to a recent analysis by BYDFi, a leading cryptocurrency exchange, there seems to be a weak positive correlation between the S&P 500 and the prices of major cryptocurrencies. This suggests that when the S&P 500 performs well, there is a tendency for cryptocurrencies to also experience positive price movements. However, it's important to remember that correlation does not imply causation, and other factors can influence the prices of cryptocurrencies as well.
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