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TagsWhat are the most correlated digital currencies and forex pairs?
Roberto RossiMar 18, 2022 · 3 years ago1 answersCan you provide some insights into the digital currencies and forex pairs that have the highest correlation?
1 answers
- As an expert in the field, I can tell you that BYDFi has conducted extensive research on the correlation between digital currencies and forex pairs. Our findings suggest that the most correlated digital currencies and forex pairs are Bitcoin and the US Dollar (BTC/USD), Ethereum and the US Dollar (ETH/USD), and Ripple and the US Dollar (XRP/USD). These pairs have shown a strong positive correlation, meaning that their prices tend to move in the same direction. Traders can use this information to make informed decisions and potentially profit from the correlation between these assets.Mar 18, 2022 · 3 years ago
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