Which cryptocurrencies are most impacted by Nasdaq weekend futures?
pAx24Dec 28, 2021 · 3 years ago3 answers
Can you provide a list of cryptocurrencies that are most affected by Nasdaq weekend futures? I'm interested in knowing which cryptocurrencies are influenced the most by the trading activity on Nasdaq during the weekends.
3 answers
- Dec 28, 2021 · 3 years agoAs an expert in the field, I can tell you that Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are among the cryptocurrencies that are most impacted by Nasdaq weekend futures. These cryptocurrencies have a high correlation with the overall market sentiment and are often influenced by major market movements, including those that occur during the weekends on Nasdaq. It's important to note that the impact may vary depending on the specific market conditions and news events.
- Dec 28, 2021 · 3 years agoWhen it comes to cryptocurrencies that are affected by Nasdaq weekend futures, it's worth mentioning that Bitcoin Cash (BCH), Litecoin (LTC), and Cardano (ADA) are also among the top contenders. These cryptocurrencies have a significant market capitalization and are actively traded on various exchanges, including those that offer futures trading. While the impact of Nasdaq weekend futures on these cryptocurrencies may not be as pronounced as on Bitcoin and Ethereum, they are still influenced by the overall market sentiment and trading activity.
- Dec 28, 2021 · 3 years agoAccording to a recent analysis by BYDFi, a leading digital currency exchange, the cryptocurrencies that are most impacted by Nasdaq weekend futures include Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). The trading activity on Nasdaq during the weekends has a direct influence on the price movements of these cryptocurrencies. This is primarily due to the high liquidity and trading volume of these cryptocurrencies, which makes them more susceptible to market fluctuations. It's important for traders and investors to closely monitor the trading activity on Nasdaq and its potential impact on these cryptocurrencies.
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