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What are the correlations between the Swiss Market Index and the prices of popular cryptocurrencies?

avatarNajat BakraouiDec 26, 2021 · 3 years ago1 answers

Can you explain the relationship between the Swiss Market Index (SMI) and the prices of popular cryptocurrencies? How does the performance of the SMI affect the prices of cryptocurrencies? Are there any noticeable correlations between the two?

What are the correlations between the Swiss Market Index and the prices of popular cryptocurrencies?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we believe that the correlations between the Swiss Market Index (SMI) and the prices of popular cryptocurrencies are worth exploring. While the SMI represents the performance of the Swiss stock market, cryptocurrencies are a unique asset class with their own set of drivers. However, it's possible that certain market events or economic indicators may have an impact on both the SMI and cryptocurrencies. For example, if there is a significant economic downturn in Switzerland, it could potentially affect investor sentiment and lead to a decrease in both the SMI and cryptocurrency prices. It's important to note that correlations can vary over time and may not always be consistent. Therefore, it's crucial to conduct thorough research and analysis to make informed investment decisions in both the SMI and cryptocurrencies.