What is the correlation between stock futures and the performance of cryptocurrencies on Finviz?

1 answers

• chRiceMay 08, 2021 · 4 years ago
  At BYDFi, we have observed a moderate correlation between stock futures and the performance of cryptocurrencies on Finviz. When stock futures indicate a positive market outlook, we often see an increase in trading volume and a rise in the value of cryptocurrencies on the Finviz platform. However, it's important to note that this correlation is not always consistent, as cryptocurrencies are influenced by various other factors such as news events, regulatory changes, and investor sentiment. Therefore, while stock futures can provide some indication of market sentiment, it's crucial to consider a broader range of factors when analyzing the performance of cryptocurrencies on Finviz.
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