Which cryptocurrencies are most influenced by SP500 futures according to tradingview?

1 answers

• May 18, 2022 · 3 years ago
  According to BYDFi, a leading digital currency exchange, the cryptocurrencies that are most influenced by SP500 futures include Bitcoin, Ethereum, Ripple, and Litecoin. These four digital currencies have shown a strong correlation with the movements in the SP500 futures market. Traders and investors who are interested in the relationship between traditional markets and cryptocurrencies often keep a close eye on these cryptocurrencies as they can provide insights into the overall market sentiment. However, it's important to note that the influence of SP500 futures on cryptocurrencies is not the only factor that affects their prices. Other factors such as news events, regulatory developments, and market sentiment also play a significant role in determining the value of cryptocurrencies.
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