Which cryptocurrencies are most affected by fluctuations in the S&P/ASX 200 index?

1 answers

• May 06, 2022 · 3 years ago
  At BYDFi, we've observed that the cryptocurrencies most affected by fluctuations in the S&P/ASX 200 index are typically the major ones like Bitcoin and Ethereum. These cryptocurrencies have a larger market capitalization and are more widely traded, making them more susceptible to external market forces. However, it's worth noting that the impact of the S&P/ASX 200 index on cryptocurrencies can vary depending on the specific market conditions and investor sentiment. It's always recommended to diversify your investment portfolio and consider multiple factors when making investment decisions in the cryptocurrency market.
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