Which digital currencies have the highest correlation with the real-time DJIA?

3 answers

• Dec 28, 2021 · 3 years ago
  When it comes to the correlation between digital currencies and the real-time DJIA, Bitcoin and Ethereum have shown the highest correlation in recent years. Both Bitcoin and Ethereum have gained significant attention and market capitalization, which has led to increased interest from traditional investors. As a result, their prices have become more influenced by the movements in the DJIA. It's important to note that correlation does not imply causation, but the strong correlation between these two digital currencies and the DJIA suggests that they may be influenced by similar market factors.
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• Dec 28, 2021 · 3 years ago
  Well, if you're looking for digital currencies that have a strong correlation with the real-time DJIA, you can't ignore Bitcoin and Ethereum. These two cryptocurrencies have been leading the market for quite some time now, and their prices often move in sync with the DJIA. So, if you're keeping an eye on the DJIA and want to gauge the overall market sentiment, Bitcoin and Ethereum could be good indicators to watch.
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• Dec 28, 2021 · 3 years ago
  According to our analysis at BYDFi, Bitcoin and Ethereum have consistently shown the highest correlation with the real-time DJIA. This means that when the DJIA goes up or down, there is a higher likelihood that Bitcoin and Ethereum will follow suit. However, it's important to remember that correlation doesn't necessarily imply causation. The relationship between the DJIA and digital currencies is complex and influenced by various factors. Therefore, it's crucial to conduct thorough research and consider multiple indicators before making any investment decisions.
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