What are the top cryptocurrencies influenced by the Nasdaq index?

3 answers

• Mar 18, 2022 · 3 years ago
  The top cryptocurrencies influenced by the Nasdaq index include Bitcoin, Ethereum, and Ripple. These cryptocurrencies have seen significant impact from the Nasdaq index due to their popularity and market capitalization. The Nasdaq index affects the performance of these cryptocurrencies by providing them with increased visibility and credibility in the financial market. This leads to higher investor confidence and potentially higher demand for these cryptocurrencies, resulting in price appreciation.
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• Mar 18, 2022 · 3 years ago
  When it comes to cryptocurrencies influenced by the Nasdaq index, Bitcoin is definitely at the top of the list. As the most well-known and widely accepted cryptocurrency, Bitcoin has a strong correlation with the Nasdaq index. Ethereum and Ripple are also influenced by the Nasdaq index, although to a lesser extent. The Nasdaq index affects the performance of these cryptocurrencies by attracting institutional investors and increasing overall market liquidity. This can lead to increased trading volume and price stability for these cryptocurrencies.
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• Mar 18, 2022 · 3 years ago
  BYDFi, a leading digital currency exchange, has observed that Bitcoin, Ethereum, and Litecoin are the top cryptocurrencies influenced by the Nasdaq index. These cryptocurrencies have shown a strong positive correlation with the Nasdaq index, especially during periods of market volatility. The Nasdaq index affects the performance of these cryptocurrencies by providing them with increased exposure to institutional investors and mainstream financial institutions. This can result in higher trading volumes and price appreciation for these cryptocurrencies.
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