Which cryptocurrencies are most closely correlated with the stock market?

3 answers

• Dec 28, 2021 · 3 years ago
  Certainly! When it comes to cryptocurrencies that are closely correlated with the stock market, Bitcoin and Ethereum are the top contenders. These two digital currencies have shown a relatively high correlation with stock market movements. However, it's important to note that correlation does not necessarily imply causation. Other cryptocurrencies that have shown some level of correlation with the stock market include Ripple, Litecoin, and Bitcoin Cash. Keep in mind that the correlation between cryptocurrencies and the stock market can vary over time, so it's always a good idea to stay updated with the latest market trends.
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• Dec 28, 2021 · 3 years ago
  Well, if you're looking for cryptocurrencies that move in sync with the stock market, you can't go wrong with Bitcoin and Ethereum. These two heavyweights have often shown a strong correlation with stock market movements. However, it's worth mentioning that correlation doesn't always mean that one directly influences the other. Other digital currencies that have exhibited some level of correlation with the stock market include Ripple, Litecoin, and Bitcoin Cash. Just remember that the correlation between cryptocurrencies and the stock market can change, so it's important to keep an eye on the latest market developments.
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• Dec 28, 2021 · 3 years ago
  Ah, the correlation between cryptocurrencies and the stock market, an interesting topic indeed! While I can't speak for other exchanges, at BYDFi, we've observed that Bitcoin and Ethereum tend to have the highest correlation with the stock market. These two cryptocurrencies often move in tandem with the stock market trends. However, it's worth noting that correlation doesn't necessarily imply a causal relationship. Other digital currencies that have shown some level of correlation with the stock market include Ripple, Litecoin, and Bitcoin Cash. Remember, correlation can change over time, so it's always a good idea to stay informed and monitor the latest market movements.
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