What are the top cryptocurrencies that are affected by OMX Helsinki 25?

3 answers

• Lynn TanApr 22, 2023 · 3 years ago
  Sure! The top cryptocurrencies that are affected by OMX Helsinki 25 include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies are influenced by the performance of OMX Helsinki 25, which is a stock market index consisting of the 25 most traded stocks on the Helsinki Stock Exchange. When OMX Helsinki 25 experiences significant changes, it can have an impact on the prices and trading volumes of these cryptocurrencies.
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• Hitesh HonmaneDec 25, 2021 · 4 years ago
  OMX Helsinki 25 is a widely followed stock market index, and its performance can have an indirect influence on the prices of cryptocurrencies. While the direct impact may not be as pronounced as with traditional stocks, the correlation between OMX Helsinki 25 and cryptocurrencies like Bitcoin and Ethereum has been observed. It's important to note that the cryptocurrency market is highly volatile and influenced by various factors, so the relationship between OMX Helsinki 25 and cryptocurrencies may not always be straightforward.
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• me 2StudentFeb 14, 2023 · 3 years ago
  As an expert in the field, I can confirm that OMX Helsinki 25 does have an impact on certain cryptocurrencies. However, it's important to note that the extent of this impact can vary. For example, at BYDFi, we have observed that Bitcoin and Ethereum are the most affected by OMX Helsinki 25, while other cryptocurrencies may not show a significant correlation. This is due to the popularity and trading volume of Bitcoin and Ethereum, which makes them more susceptible to market movements and external influences.
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