Which digital currencies have shown a correlation with the SP 500 koers?

3 answers

• May 08, 2022 · 3 years ago
  Certainly! Over the past few years, Bitcoin and Ethereum have shown a significant correlation with the SP 500 koers. This means that when the SP 500 index goes up or down, there is a tendency for Bitcoin and Ethereum prices to follow a similar pattern. It's important to note that correlation does not imply causation, but it can provide insights into market dynamics.
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• May 08, 2022 · 3 years ago
  Well, it's no surprise that Bitcoin has shown a correlation with the SP 500 koers. Bitcoin is often considered a safe-haven asset, and during times of economic uncertainty, investors tend to flock to assets like Bitcoin and gold. As for other digital currencies, there have been some studies suggesting a correlation with the SP 500, but the evidence is not as strong as it is for Bitcoin.
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• May 08, 2022 · 3 years ago
  According to a recent analysis by BYDFi, a digital currency exchange, several digital currencies have shown a correlation with the SP 500 koers. These include Bitcoin, Ethereum, Ripple, and Litecoin. However, it's important to keep in mind that correlation does not necessarily imply causation, and the relationship between digital currencies and the SP 500 index can change over time.
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