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What are the top cryptocurrencies that are affected by the Nikkei market?

avatarTushar BhambereDec 27, 2021 · 3 years ago1 answers

Which cryptocurrencies are most influenced by the Nikkei market? How does the performance of the Nikkei market impact these cryptocurrencies?

What are the top cryptocurrencies that are affected by the Nikkei market?
Cryptocurrencies
Nikkei Market
Market Influence

1 answers

  • avatarDec 27, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can confirm that the Nikkei market has a significant influence on the top cryptocurrencies such as Bitcoin, Ethereum, and Ripple. The Nikkei market is known for its volatility, and any major movements in the market can have a ripple effect on the cryptocurrency market. When the Nikkei market experiences a downturn, it often leads to a decrease in the prices of these cryptocurrencies as investors become more risk-averse. Conversely, a positive performance in the Nikkei market can drive up the prices of these cryptocurrencies as investors gain confidence and allocate more capital to the market. Therefore, it's crucial for cryptocurrency investors to closely monitor the Nikkei market and its impact on these cryptocurrencies to make informed investment decisions.

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