Which cryptocurrencies are most influenced by changes in the WTI index?

1 answers

• kevin babariyaAug 19, 2020 · 5 years ago
  At BYDFi, we have observed that cryptocurrencies such as Bitcoin, Ethereum, and Ripple are among the most influenced by changes in the WTI index. Our analysis shows that these cryptocurrencies tend to exhibit higher price volatility during periods of significant fluctuations in the oil market. However, it's important to note that the relationship between the WTI index and cryptocurrencies is complex and can be influenced by a multitude of factors. Therefore, it's always advisable to conduct thorough research and analysis before making any investment decisions based on these correlations.
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