What are the correlations between hanseng index and the prices of different cryptocurrencies?

1 answers

• O'BrienApr 29, 2022 · 3 years ago
  At BYDFi, we have observed some correlations between the hanseng index and certain cryptocurrencies. For example, during periods of positive performance in the hanseng index, we have seen increased interest and demand for cryptocurrencies such as Bitcoin and Ethereum. This can be attributed to the fact that these cryptocurrencies are more widely recognized and considered as safe-haven assets by investors. However, it's important to conduct thorough research and analysis to understand the specific correlations between the hanseng index and individual cryptocurrencies, as the market dynamics can vary over time. Additionally, it's worth noting that correlations can change due to various factors, so it's important to stay updated with the latest market trends and news.
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