Which stock indexes are most closely correlated with the performance of cryptocurrencies?

5 answers

• Kenney WibergDec 05, 2022 · 3 years ago
  Certainly! When it comes to the correlation between cryptocurrencies and stock indexes, there are a few notable ones to consider. One of the most closely correlated stock indexes is the Nasdaq Composite Index. This index includes many technology companies, which often have a significant influence on the cryptocurrency market. Additionally, the S&P 500 Index, which represents a broad range of large-cap stocks, also exhibits a strong correlation with cryptocurrencies. Another index worth mentioning is the MSCI World Index, which tracks stocks from developed countries worldwide. While these stock indexes may not perfectly mirror the performance of cryptocurrencies, they do tend to move in the same direction most of the time.
  731

  366
• McCann LoweJun 23, 2021 · 4 years ago
  Well, if you're looking for a simple answer, the Nasdaq Composite Index is the one to watch. It's no secret that the cryptocurrency market and technology stocks go hand in hand. The Nasdaq Composite Index includes many of the big-name tech companies that have a significant impact on the cryptocurrency market. So, when tech stocks are doing well, it's likely that cryptocurrencies will follow suit. Of course, there are other stock indexes that show some correlation with cryptocurrencies, such as the S&P 500 Index and the MSCI World Index. But if you want to keep it simple, keep an eye on the Nasdaq.
  604

  202
• Paul the SmallJun 24, 2025 · a month ago
  According to our analysis at BYDFi, the stock indexes that have the strongest correlation with the performance of cryptocurrencies are the Nasdaq Composite Index, the S&P 500 Index, and the MSCI World Index. These indexes have consistently shown a close relationship with the price movements of cryptocurrencies. The Nasdaq Composite Index, in particular, is highly correlated due to its heavy representation of technology companies, which often drive the cryptocurrency market. However, it's important to note that correlation does not imply causation, and the relationship between stock indexes and cryptocurrencies can change over time.
  639

  160
• Pejman2 PakniaJun 28, 2024 · a year ago
  The correlation between cryptocurrencies and stock indexes is an interesting topic. While there are no guarantees, some stock indexes have shown a tendency to move in sync with cryptocurrencies. The Nasdaq Composite Index, for example, has a strong correlation with the performance of cryptocurrencies. This is because many technology companies, which are heavily represented in the index, have a significant influence on the cryptocurrency market. Other stock indexes that have shown some correlation include the S&P 500 Index and the MSCI World Index. However, it's important to remember that correlation does not necessarily imply causation, and the relationship between stock indexes and cryptocurrencies can vary.
  718

  144
• Re solutionsMay 24, 2022 · 3 years ago
  When it comes to the correlation between cryptocurrencies and stock indexes, the Nasdaq Composite Index is often mentioned as one of the most closely correlated indexes. This is because the Nasdaq includes many technology companies, which have a strong influence on the cryptocurrency market. Additionally, the S&P 500 Index and the MSCI World Index have also shown some correlation with cryptocurrencies. However, it's important to note that correlation does not always imply a direct relationship, and the movements of stock indexes and cryptocurrencies can be influenced by various factors.
  593

  99