Which cryptocurrencies have the highest correlation with the iShares Core MSCI World index?

3 answers

• Mar 23, 2022 · 3 years ago
  When it comes to cryptocurrencies that have a high correlation with the iShares Core MSCI World index, Bitcoin and Ethereum are often considered the top contenders. These two digital currencies have established themselves as the leaders in the crypto market and tend to move in sync with the overall market trends. It's important to note that correlation does not imply causation, but the performance of Bitcoin and Ethereum can provide some insights into the broader market sentiment.
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• Mar 23, 2022 · 3 years ago
  If you're looking for cryptocurrencies that closely follow the iShares Core MSCI World index, it's worth considering stablecoins like Tether (USDT) and USD Coin (USDC). These cryptocurrencies are designed to maintain a stable value by pegging their price to a fiat currency, such as the US dollar. As a result, their price movements tend to be less volatile compared to other cryptocurrencies, making them more likely to exhibit a higher correlation with traditional market indices.
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• Mar 23, 2022 · 3 years ago
  According to a recent analysis by BYDFi, a digital asset exchange, the cryptocurrencies with the highest correlation to the iShares Core MSCI World index are Bitcoin, Ethereum, and Ripple. This correlation analysis is based on historical price data and market trends. It's important to keep in mind that correlation can vary over time and may be influenced by various factors such as market conditions and investor sentiment.
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