Which cryptocurrencies are most affected by the live futures of the NASDAQ index?

3 answers

• Dec 27, 2021 · 3 years ago
  The live futures of the NASDAQ index can have a significant impact on the prices and trading volumes of various cryptocurrencies. Cryptocurrencies that are closely tied to the technology sector, such as Ethereum and Ripple, tend to be more affected by the NASDAQ futures market. This is because the NASDAQ index primarily consists of technology stocks, and any significant movements in the index can influence investor sentiment towards technology-related assets, including cryptocurrencies. Additionally, cryptocurrencies with a higher market capitalization and trading volume are generally more susceptible to the influence of the NASDAQ futures market.
  655328
• Dec 27, 2021 · 3 years ago
  When it comes to the impact of the NASDAQ futures on cryptocurrencies, it's important to consider the overall market sentiment and investor behavior. While some cryptocurrencies may experience a direct correlation with the NASDAQ index, others may be influenced by broader market trends and investor sentiment. Therefore, it's crucial to analyze multiple factors, including market capitalization, trading volume, and investor sentiment, to determine which cryptocurrencies are most affected by the live futures of the NASDAQ index.
  531177
• Dec 27, 2021 · 3 years ago
  According to analysis conducted by BYDFi, a leading cryptocurrency exchange, cryptocurrencies such as Bitcoin, Ethereum, and Litecoin are among the most impacted by the live futures of the NASDAQ index. This is due to their high market capitalization and widespread adoption. The NASDAQ futures market serves as an important indicator for the overall health of the technology sector, and any significant movements in the index can have a ripple effect on the prices and trading volumes of these cryptocurrencies. However, it's important to note that the impact may vary depending on market conditions and investor sentiment.
  624156