What are the top cryptocurrencies influenced by nasdaq indice?

3 answers

• Bidisha MisraJan 06, 2024 · 2 years ago
  Certainly! Several cryptocurrencies have shown a correlation with the performance of the Nasdaq indice. Some of the top cryptocurrencies influenced by the Nasdaq indice include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies have experienced price movements that align with the overall trend of the Nasdaq index. It's important to note that while there is a correlation, it doesn't necessarily mean causation. The influence of the Nasdaq indice on these cryptocurrencies can be attributed to various factors, including market sentiment and investor behavior.
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• Fisker HendrixMar 21, 2021 · 5 years ago
  Sure thing! When it comes to cryptocurrencies influenced by the Nasdaq indice, Bitcoin (BTC) is definitely at the top of the list. Ethereum (ETH) and Ripple (XRP) have also shown a strong correlation with the performance of the Nasdaq index. Other cryptocurrencies like Litecoin (LTC) and Bitcoin Cash (BCH) have also exhibited some level of influence from the Nasdaq indice. It's worth mentioning that the correlation between these cryptocurrencies and the Nasdaq indice can fluctuate over time, so it's important to stay updated with the latest market trends and news.
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• An PhuongMar 07, 2023 · 3 years ago
  As an expert in the field, I can confirm that there are indeed cryptocurrencies that are influenced by the Nasdaq indice. Bitcoin (BTC) is the most prominent example, as its price movements often align with the overall performance of the Nasdaq index. Ethereum (ETH) and Ripple (XRP) have also shown a correlation with the Nasdaq indice, although to a lesser extent. It's important to consider that the influence of the Nasdaq indice on these cryptocurrencies is not the sole determining factor of their price movements. Various other factors, such as market demand and technological advancements, also play a significant role in shaping their value.
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