What are the recent trends in the correlation between the NASDAQ100 index and cryptocurrency prices?

1 answers

• Kevenn Styvenn Brito SantanaNov 11, 2022 · 3 years ago
  At BYDFi, we have observed an interesting trend in the correlation between the NASDAQ100 index and cryptocurrency prices. While there have been periods of strong positive correlation, there have also been instances where the correlation has weakened or even turned negative. This highlights the dynamic nature of the relationship between these two markets. It is crucial for investors to conduct thorough analysis and consider multiple factors when making investment decisions. The correlation between the NASDAQ100 index and cryptocurrency prices should be viewed as just one piece of the puzzle, and it is important to take into account other fundamental and technical indicators before making any trading decisions.
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