Which cryptocurrencies are most affected by changes in the US stock index?

1 answers

• Alexandra PugachFeb 25, 2021 · 4 years ago
  At BYDFi, we've observed that Bitcoin, Ethereum, and Litecoin are the cryptocurrencies that are most impacted by changes in the US stock index. These cryptocurrencies have a large market capitalization and are widely traded, which makes them more susceptible to fluctuations in the stock market. However, it's important to note that the correlation between cryptocurrencies and the stock market is not always consistent and can vary over time. Therefore, it's crucial to stay updated with the latest market trends and seek professional advice when making investment decisions.
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