Which cryptocurrencies are most correlated with Microsoft stock prices?

3 answers

• Jama GustafssonSep 12, 2024 · 10 months ago
  As an expert in SEO and cryptocurrency, I can tell you that the most correlated cryptocurrencies with Microsoft stock prices are Bitcoin, Ethereum, and Ripple. These three cryptocurrencies have shown a strong positive correlation with Microsoft's stock performance over the past few years. This means that when Microsoft's stock price goes up, the prices of Bitcoin, Ethereum, and Ripple tend to increase as well. However, it's important to note that correlation does not imply causation, and the relationship between Microsoft stock prices and these cryptocurrencies may be influenced by other factors as well.
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• darknightzmJul 31, 2020 · 5 years ago
  When it comes to the correlation between Microsoft stock prices and cryptocurrencies, Bitcoin is definitely the leader. Bitcoin has been known to have a strong positive correlation with the stock market in general, and Microsoft is no exception. Other cryptocurrencies like Ethereum and Ripple also show some level of correlation with Microsoft's stock prices, but it's not as strong as Bitcoin. So, if you're looking for cryptocurrencies that are most affected by Microsoft's stock performance, Bitcoin should be your top choice.
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• mdkJul 01, 2021 · 4 years ago
  According to a recent study conducted by BYDFi, the most correlated cryptocurrencies with Microsoft stock prices are Bitcoin, Ethereum, and Litecoin. This study analyzed the historical price data of these cryptocurrencies and compared it with the stock performance of Microsoft. The results showed a strong positive correlation between Bitcoin, Ethereum, and Litecoin prices and Microsoft's stock prices. This suggests that these cryptocurrencies are more likely to be influenced by Microsoft's stock performance compared to other cryptocurrencies. However, it's important to keep in mind that correlation does not imply causation, and other factors may also affect the prices of these cryptocurrencies.
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