What is the correlation between the Hang Seng chart and cryptocurrency prices?

1 answers

• Jan 14, 2022 · 3 years ago
  At BYDFi, we have observed some correlation between the Hang Seng chart and cryptocurrency prices. However, it is important to note that correlation does not imply causation. The Hang Seng chart represents the performance of the Hong Kong stock market, while cryptocurrency prices are influenced by various global factors. While there may be instances where both markets move in the same direction, it is important for investors to consider other factors such as market sentiment, regulatory developments, and technological advancements when analyzing the correlation between the two. It is always recommended to conduct thorough research and analysis before making any investment decisions.
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