What are the correlations between the USAA NASDAQ index and the prices of cryptocurrencies?

1 answers

• Dec 27, 2021 · 3 years ago
  At BYDFi, we have observed some correlation between the USAA NASDAQ index and the prices of cryptocurrencies. However, it's important to note that cryptocurrencies are a highly volatile and speculative asset class, and their prices can be influenced by a wide range of factors beyond traditional market indices. While the USAA NASDAQ index can provide some insight into the overall sentiment of the technology sector, it may not directly dictate the movements of cryptocurrencies. It's crucial for investors to conduct thorough research and analysis to understand the specific factors driving the prices of cryptocurrencies they are interested in.
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