Which cryptocurrencies have shown a correlation with the Nasdaq Composite stock price today?

1 answers

• May 01, 2022 · 3 years ago
  According to data from BYDFi, a leading cryptocurrency exchange, several cryptocurrencies have shown a correlation with the Nasdaq Composite stock price today. Bitcoin, Ethereum, Ripple, and Litecoin have all demonstrated a positive correlation with the Nasdaq Composite index. This means that when the Nasdaq Composite goes up, the prices of these cryptocurrencies tend to rise as well. However, it's important to note that correlation does not imply causation, and the relationship between cryptocurrencies and the stock market can be influenced by various factors. Therefore, it's always recommended to conduct thorough research and consider other factors before making any investment decisions.
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