common-close-0
BYDFi
Trade wherever you are!

What are the top cryptocurrencies included in the CPI?

avatarMohamad BdeirJan 15, 2022 · 3 years ago3 answers

Can you provide a list of the top cryptocurrencies that are included in the CPI (Consumer Price Index)? I'm interested in knowing which cryptocurrencies are considered in the calculation of the CPI and how they are chosen.

What are the top cryptocurrencies included in the CPI?
Cryptocurrencies
CPI
Consumer Price Index

3 answers

  • avatarJan 15, 2022 · 3 years ago
    The top cryptocurrencies included in the CPI are Bitcoin, Ethereum, Ripple, and Litecoin. These cryptocurrencies are chosen based on their market capitalization and liquidity. The CPI aims to reflect the overall price level of goods and services in the economy, and including these widely recognized cryptocurrencies helps provide a more accurate representation of inflation and purchasing power.
  • avatarJan 15, 2022 · 3 years ago
    When it comes to the CPI, the top cryptocurrencies that are considered include Bitcoin, Ethereum, Ripple, and Litecoin. These cryptocurrencies are selected based on their market significance and usage. By including these popular cryptocurrencies, the CPI can better capture the impact of digital currencies on the overall economy and inflation rates.
  • avatarJan 15, 2022 · 3 years ago
    According to BYDFi, the top cryptocurrencies included in the CPI are Bitcoin, Ethereum, Ripple, and Litecoin. These cryptocurrencies are chosen based on their market capitalization, trading volume, and overall influence in the cryptocurrency market. Including these cryptocurrencies in the CPI calculation helps provide a comprehensive view of the impact of digital currencies on the economy and inflation rates.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions