Is there a correlation between the S&P 500 earnings calendar and the performance of major cryptocurrencies?

1 answers

• Dec 29, 2021 · 3 years ago
  At BYDFi, we have observed some correlation between the S&P 500 earnings calendar and the performance of major cryptocurrencies. When positive earnings reports are released, we often see an increase in trading activity and a rise in cryptocurrency prices. However, it's important to approach this correlation with caution and not solely rely on the earnings calendar for investment decisions. Cryptocurrencies are influenced by a multitude of factors, including market sentiment, regulatory developments, and technological advancements. Therefore, it's crucial to consider a holistic approach when analyzing their performance.
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