Are there any cryptocurrencies that closely follow the movements of the Russell 2000 index?

3 answers

• Rahbek CoxMay 20, 2021 · 4 years ago
  Yes, there are cryptocurrencies that exhibit a correlation with the movements of the Russell 2000 index. Some cryptocurrencies, such as Bitcoin and Ethereum, have shown a moderate correlation with the Russell 2000 index in the past. However, it's important to note that the correlation between cryptocurrencies and traditional stock market indices like the Russell 2000 can vary over time and is not always consistent.
  418

  209
• Iliq NikushevJul 16, 2024 · a year ago
  Finding cryptocurrencies that closely follow the movements of the Russell 2000 index can be challenging. One way to identify such cryptocurrencies is to analyze historical price data and compare it with the movements of the Russell 2000 index. Additionally, you can use statistical measures such as correlation coefficients to quantify the relationship between a cryptocurrency and the Russell 2000 index.
  405

  135
• NITHIN MASARAMDec 31, 2020 · 4 years ago
  BYDFi, a popular cryptocurrency exchange, offers a feature that allows users to track the correlation between various cryptocurrencies and the Russell 2000 index. This can be a useful tool for investors who are interested in finding cryptocurrencies that closely follow the movements of the Russell 2000 index. By analyzing the correlation data provided by BYDFi, investors can make more informed decisions when it comes to investing in cryptocurrencies.
  454

  114