Which digital assets are most correlated with the nasdaq 100 heat map?

3 answers

• May 01, 2022 · 3 years ago
  As an expert in digital asset correlations, I can tell you that Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are some of the most correlated cryptocurrencies with the Nasdaq 100 heat map. These cryptocurrencies often exhibit similar price movements to the Nasdaq 100 index, making them potentially good indicators of the overall market sentiment.
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• May 01, 2022 · 3 years ago
  When it comes to digital assets that are highly correlated with the Nasdaq 100 heat map, you can't ignore the top cryptocurrencies like Bitcoin, Ethereum, and Ripple. These coins have shown a strong relationship with the performance of the Nasdaq 100 index, and their price movements often mirror the movements of the index. So, if you're looking for indicators of the broader market sentiment, keeping an eye on these cryptocurrencies could be a good strategy.
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• May 01, 2022 · 3 years ago
  According to a recent analysis, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) have been found to be highly correlated with the Nasdaq 100 heat map. This means that when the Nasdaq 100 index experiences significant movements, these cryptocurrencies tend to follow suit. It's worth noting that correlations can change over time, so it's important to regularly monitor the relationship between these digital assets and the Nasdaq 100 index.
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