Which live global indices are most influential in the cryptocurrency market?

3 answers

• May 03, 2022 · 3 years ago
  The most influential live global indices in the cryptocurrency market are the S&P 500, NASDAQ, and FTSE 100. These indices represent the performance of major companies and economies, and any significant changes in their values can have a direct impact on cryptocurrency prices. Traders and investors closely monitor these indices to gauge market sentiment and make informed decisions. The correlation between these indices and cryptocurrencies is not always straightforward, but they provide valuable insights into broader market trends.
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• May 03, 2022 · 3 years ago
  When it comes to the cryptocurrency market, the live global indices that hold the most sway are the Dow Jones Industrial Average, the Nikkei 225, and the Hang Seng Index. These indices reflect the performance of key industries and economies, and their movements can influence investor sentiment and capital flows. While cryptocurrencies are not directly tied to these indices, shifts in the global economy can indirectly impact the crypto market. It's important for traders to keep an eye on these indices for potential market-moving events.
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• May 03, 2022 · 3 years ago
  BYDFi, a leading digital asset exchange, believes that the most influential live global indices in the cryptocurrency market are the DAX, CAC 40, and the Shanghai Composite Index. These indices represent the performance of major European and Asian economies, and their movements can have a significant impact on cryptocurrency prices. Traders and investors should pay attention to these indices to stay informed about potential market trends and make well-informed trading decisions.
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