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What is the correlation between the live FTSE 100 and the performance of digital currencies?

avatarTushar BorseDec 27, 2021 · 3 years ago1 answers

Can you explain the relationship between the real-time FTSE 100 index and the performance of digital currencies in detail? How do they affect each other?

What is the correlation between the live FTSE 100 and the performance of digital currencies?
Digital Currencies
FTSE 100
Correlation

1 answers

  • avatarDec 27, 2021 · 3 years ago
    At BYDFi, we have observed some correlation between the live FTSE 100 and the performance of digital currencies. However, it is important to note that this correlation is not always consistent and can vary over time. Factors such as market sentiment, economic conditions, and global events can influence both the FTSE 100 and digital currencies. It is essential for investors to conduct thorough research and analysis to understand the relationship between these two asset classes and make informed investment decisions.

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