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Which digital currencies are most closely correlated with the Australian Stock Exchange 200?

avatarDougherty HahnDec 25, 2021 · 3 years ago3 answers

Can you provide a list of digital currencies that have the highest correlation with the Australian Stock Exchange 200? I am interested in knowing which cryptocurrencies tend to move in sync with the performance of the Australian stock market.

Which digital currencies are most closely correlated with the Australian Stock Exchange 200?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Sure! When it comes to digital currencies that are closely correlated with the Australian Stock Exchange 200, Bitcoin and Ethereum are the top contenders. These two cryptocurrencies have shown a strong positive correlation with the performance of the Australian stock market. So, if you're looking for digital currencies that tend to move in sync with the Australian Stock Exchange 200, Bitcoin and Ethereum should be on your radar.
  • avatarDec 25, 2021 · 3 years ago
    Well, if you're looking for digital currencies that closely follow the Australian Stock Exchange 200, you can't go wrong with Bitcoin and Ethereum. These two cryptocurrencies have been observed to have a significant correlation with the performance of the Australian stock market. So, if you're interested in investing in digital currencies that move in sync with the Australian Stock Exchange 200, Bitcoin and Ethereum are worth considering.
  • avatarDec 25, 2021 · 3 years ago
    According to our analysis at BYDFi, Bitcoin and Ethereum are the digital currencies that have the highest correlation with the Australian Stock Exchange 200. This means that when the Australian stock market experiences significant movements, Bitcoin and Ethereum are likely to follow suit. So, if you're looking for digital currencies that closely track the Australian Stock Exchange 200, Bitcoin and Ethereum should be at the top of your list.