Which cryptocurrencies are influenced the most by the Hang Seng Index?

1 answers

• Mar 19, 2022 · 3 years ago
  According to a study conducted by BYDFi, a digital currency exchange, the cryptocurrencies that are most influenced by the Hang Seng Index are Bitcoin, Ethereum, and Ripple. The study found that these three digital currencies have a strong positive correlation with the Hang Seng Index, meaning that their prices tend to move in the same direction as the index. However, it's important to note that correlation does not imply causation, and other factors may also influence the prices of these cryptocurrencies. Therefore, it's always a good idea to consider multiple factors and conduct thorough research before making any investment decisions.
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