What are the top cryptocurrencies that are influenced by the NASDAQ US100?

3 answers

• Dec 26, 2021 · 3 years ago
  Cryptocurrencies that are influenced by the NASDAQ US100 index tend to experience increased volatility and correlation with the performance of the index. This means that when the NASDAQ US100 index goes up or down, these cryptocurrencies are likely to follow suit. Some of the top cryptocurrencies that are influenced by the NASDAQ US100 include Bitcoin, Ethereum, and Ripple. These cryptocurrencies are often seen as more mainstream and have a larger market capitalization, which makes them more susceptible to the influence of major stock market indices like the NASDAQ US100.
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• Dec 26, 2021 · 3 years ago
  When the NASDAQ US100 index experiences significant movements, it can have a ripple effect on the cryptocurrency market. This is because many investors and traders in the cryptocurrency space also have exposure to traditional financial markets, including the NASDAQ US100. As a result, when the NASDAQ US100 index performs well, it can attract more investment into cryptocurrencies, leading to increased demand and potentially higher prices. Conversely, if the NASDAQ US100 index performs poorly, it can create a negative sentiment in the market and cause investors to withdraw their funds from cryptocurrencies, leading to a decrease in prices.
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• Dec 26, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, offers a wide range of cryptocurrencies that are influenced by the NASDAQ US100. These include Bitcoin, Ethereum, Ripple, and many others. The influence of the NASDAQ US100 on these cryptocurrencies can be seen in their price movements and trading volumes. As the NASDAQ US100 index goes up or down, these cryptocurrencies tend to follow the trend. This correlation can provide opportunities for traders to take advantage of the market movements and potentially profit from the volatility. However, it's important to note that the influence of the NASDAQ US100 on cryptocurrencies is just one factor among many that can affect their performance in the market.
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