What are the correlations between the ISM supplier deliveries index and cryptocurrency prices?

3 answers

• sahar al muhtasebNov 16, 2022 · 3 years ago
  Yes, there is a correlation between the ISM supplier deliveries index and cryptocurrency prices. The ISM supplier deliveries index measures the time it takes for suppliers to deliver goods to manufacturers. When this index is high, it suggests that suppliers are facing longer delivery times, which can indicate increased demand for goods and services. This increased demand can also extend to the cryptocurrency market, leading to higher prices. However, it's important to note that correlation does not imply causation, and other factors may also influence cryptocurrency prices.
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• Faten MohamadMay 28, 2023 · 2 years ago
  Definitely! The ISM supplier deliveries index and cryptocurrency prices are correlated. When the index is high, it means that suppliers are experiencing delays in delivering goods to manufacturers. This delay can be interpreted as increased demand for goods, which can spill over to the cryptocurrency market. As a result, cryptocurrency prices may rise. However, it's crucial to remember that correlation does not always mean causation. Other factors, such as market sentiment and regulatory changes, can also impact cryptocurrency prices.
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• Pratiyush Kumar SinghMay 06, 2022 · 3 years ago
  Sure, there is a correlation between the ISM supplier deliveries index and cryptocurrency prices. The index reflects the efficiency of the supply chain, and when it is high, it suggests that suppliers are struggling to meet demand. This can be an indication of increased economic activity, which can have a positive impact on the cryptocurrency market. However, it's important to consider that correlation does not equal causation, and other factors like market sentiment and global events can also influence cryptocurrency prices.
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