What is the correlation between the Russell 2000 futures chart and the price of Bitcoin?

1 answers

• Apr 30, 2022 · 3 years ago
  At BYDFi, we understand the interest in exploring the correlation between the Russell 2000 futures chart and the price of Bitcoin. While there may be some correlation between the two, it's important to approach this relationship with caution. The price of Bitcoin is influenced by a wide range of factors, including market sentiment, regulatory developments, and macroeconomic events. The Russell 2000 futures chart, on the other hand, reflects the performance of small-cap stocks in the U.S. market. While there may be some indirect correlation due to overall market sentiment, it is not a reliable indicator for predicting the price of Bitcoin. It's always recommended to conduct thorough research and analysis before making any investment decisions in the cryptocurrency market.
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