Elpida KartsakliDec 30, 2021 · 3 years ago2 answers Can the performance of S&P 500 sectors be used as an indicator for predicting cryptocurrency price movements?
Is it possible to use the performance of different sectors in the S&P 500 as a reliable indicator for predicting the price movements of cryptocurrencies? Can the trends and patterns observed in the stock market be applied to the volatile and decentralized nature of the cryptocurrency market? How closely are the two markets correlated, and can this correlation be used to make accurate predictions about cryptocurrency prices?