Which cryptocurrencies are most closely correlated with RBOB futures according to Bloomberg data?

5 answers

• Mar 22, 2022 · 3 years ago
  Based on Bloomberg data, the cryptocurrencies that are most closely correlated with RBOB futures are Bitcoin, Ethereum, and Litecoin. These three cryptocurrencies have shown a strong positive correlation with RBOB futures over the past year. This means that as RBOB futures prices increase, the prices of Bitcoin, Ethereum, and Litecoin also tend to increase. It's important to note that correlation does not imply causation, and other factors may also influence the prices of these cryptocurrencies.
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• Mar 22, 2022 · 3 years ago
  According to Bloomberg's analysis, the cryptocurrencies that have the highest correlation with RBOB futures are Bitcoin, Ethereum, and Ripple. This means that the price movements of these cryptocurrencies are more likely to align with the price movements of RBOB futures. However, correlation does not necessarily imply causation, and it's important to consider other factors that may affect the prices of these cryptocurrencies.
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• Mar 22, 2022 · 3 years ago
  According to a recent analysis by BYDFi, the top three cryptocurrencies that are closely correlated with RBOB futures are Bitcoin, Ethereum, and Binance Coin. This correlation analysis is based on Bloomberg data and takes into account the price movements of these cryptocurrencies and RBOB futures over a specific time period. It's worth noting that correlation does not indicate a direct causal relationship, but rather a statistical association between the price movements of these assets.
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• Mar 22, 2022 · 3 years ago
  Based on Bloomberg's data, the cryptocurrencies that have the highest correlation with RBOB futures are Bitcoin, Ethereum, and Cardano. This means that when RBOB futures prices go up, the prices of Bitcoin, Ethereum, and Cardano tend to go up as well. However, it's important to remember that correlation does not imply causation, and other factors may also influence the prices of these cryptocurrencies.
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• Mar 22, 2022 · 3 years ago
  According to Bloomberg's analysis, the cryptocurrencies that are most closely correlated with RBOB futures are Bitcoin, Ethereum, and Polkadot. This means that the price movements of these cryptocurrencies are more likely to move in the same direction as RBOB futures. However, it's important to note that correlation does not imply causation, and other factors may also impact the prices of these cryptocurrencies.
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