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Which cryptocurrencies are influenced the most by the fluctuations in the US three major indices?

Anjali JethvaSep 29, 2020 · 5 years ago3 answers

Can you provide a list of cryptocurrencies that are most affected by the fluctuations in the US three major indices (Dow Jones Industrial Average, S&P 500, and Nasdaq Composite)? How does the price of these cryptocurrencies correlate with the movements in these indices? Are there any specific factors that contribute to their high sensitivity to the US market?

Cryptocurrencies
US Market
Major Indices

3 answers

  • Özguer AltıntopMay 13, 2021 · 4 years ago
    Cryptocurrencies such as Bitcoin, Ethereum, and Ripple are among the most influenced by the fluctuations in the US three major indices. When the stock market experiences significant movements, these cryptocurrencies tend to follow suit. This correlation can be attributed to the fact that many investors view cryptocurrencies as alternative investments and tend to shift their portfolios based on the performance of traditional markets. Additionally, the US market serves as a global benchmark, and any major changes in the indices can have a ripple effect on the overall sentiment towards cryptocurrencies.
  • Travis CraigSep 06, 2024 · 9 months ago
    The price of cryptocurrencies like Bitcoin, Ethereum, and Litecoin often reflects the sentiment of the US stock market. When the indices experience a downturn, these cryptocurrencies may also see a decrease in their prices. On the other hand, when the stock market is performing well, these cryptocurrencies may witness an increase in their value. It's important to note that the correlation between cryptocurrencies and the US market is not always direct or immediate, as there are various other factors that can influence their prices, such as regulatory developments, technological advancements, and market demand.
  • Gibbons VegaSep 02, 2021 · 4 years ago
    According to a study conducted by BYDFi, the cryptocurrencies that are most influenced by the fluctuations in the US three major indices include Bitcoin, Ethereum, and Binance Coin. The study analyzed the historical price data and identified a strong correlation between the movements in the indices and the price changes in these cryptocurrencies. This correlation can be attributed to the fact that these cryptocurrencies are widely traded and have a significant market capitalization. As a result, they are more susceptible to the overall market sentiment and investor behavior.

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