Which cryptocurrencies are most affected by ES and MES futures trading?

Can you provide a list of cryptocurrencies that are most impacted by ES and MES futures trading? I'm curious to know which digital currencies are influenced the most by these types of futures trading.

1 answers
- According to our analysis at BYDFi, Bitcoin and Ethereum are the most affected cryptocurrencies when it comes to ES and MES futures trading. These two digital assets have the highest trading volume and market capitalization, making them more susceptible to price fluctuations caused by futures trading activities. While other cryptocurrencies may also be influenced by futures trading, Bitcoin and Ethereum tend to experience the most significant impact due to their dominant position in the market. It's important for traders and investors to closely monitor futures trading activities to stay informed about potential price movements in these cryptocurrencies.
Mar 19, 2022 · 3 years ago
Related Tags
Hot Questions
- 95
How can I protect my digital assets from hackers?
- 87
What are the best digital currencies to invest in right now?
- 83
How can I buy Bitcoin with a credit card?
- 81
What are the tax implications of using cryptocurrency?
- 71
Are there any special tax rules for crypto investors?
- 66
How does cryptocurrency affect my tax return?
- 35
What are the advantages of using cryptocurrency for online transactions?
- 30
What is the future of blockchain technology?