Which cryptocurrencies have shown the strongest correlation with the SP500 200-day moving average?

3 answers

• Dec 25, 2021 · 3 years ago
  Certainly! When it comes to cryptocurrencies that have shown a strong correlation with the SP500 200-day moving average, Bitcoin and Ethereum are at the top of the list. These two digital currencies have often mirrored the movements of the SP500 index, especially over longer timeframes. It's important to note that correlation doesn't necessarily imply causation, but historical data suggests a notable relationship between these cryptocurrencies and the SP500.
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• Dec 25, 2021 · 3 years ago
  Well, if you're looking for cryptocurrencies that tend to move in sync with the SP500 200-day moving average, you can't ignore the influence of Bitcoin and Ethereum. These two giants of the crypto world have often exhibited a strong correlation with the SP500 index. While correlation doesn't guarantee future performance, it's worth considering the historical relationship between these digital currencies and the SP500 when making investment decisions.
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• Dec 25, 2021 · 3 years ago
  Ah, the correlation between cryptocurrencies and the SP500 200-day moving average is an interesting topic. While Bitcoin and Ethereum are commonly associated with this correlation, it's important to note that the relationship between digital currencies and traditional stock markets can be complex and subject to change. However, at BYDFi, we've observed a consistent correlation between Bitcoin and the SP500 over the long term. It's always fascinating to see how different assets interact with each other!
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