Which cryptocurrencies are most affected by changes in the Taiwan weighted index?

3 answers

• Mar 20, 2022 · 3 years ago
  Cryptocurrencies such as Bitcoin, Ethereum, and Ripple are among the most affected by changes in the Taiwan weighted index. These cryptocurrencies have a high market capitalization and are widely traded, making them more susceptible to market fluctuations. The performance of these cryptocurrencies often mirrors the movements in the index, with price increases or decreases corresponding to the overall market sentiment. Factors such as investor sentiment, regulatory developments, and macroeconomic indicators can also influence their sensitivity to the index.
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• Mar 20, 2022 · 3 years ago
  When it comes to the Taiwan weighted index, cryptocurrencies like Bitcoin, Ethereum, and Litecoin tend to be the most responsive. These cryptocurrencies have a large user base and are widely recognized in the market, which makes them more sensitive to changes in the index. Additionally, their liquidity and trading volume contribute to their susceptibility to market fluctuations. It's important to note that while these cryptocurrencies are often influenced by the index, they can also be impacted by other factors such as global economic events or specific news related to the crypto industry.
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• Mar 20, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has observed that cryptocurrencies such as Bitcoin, Ethereum, and Cardano are particularly influenced by changes in the Taiwan weighted index. These cryptocurrencies have a strong market presence and are widely traded on various exchanges. The correlation between their performance and the index fluctuations is evident, with price movements often aligning with the overall market sentiment. Factors such as market liquidity, investor sentiment, and regulatory developments can further amplify their sensitivity to the index. It's important for traders to closely monitor the index and its impact on these cryptocurrencies to make informed investment decisions.
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