What are the top cryptocurrencies that are affected by the fluctuations in the Nasdaq index?

3 answers

• Malek AbdallaApr 17, 2021 · 4 years ago
  The top cryptocurrencies that are affected by the fluctuations in the Nasdaq index include Bitcoin, Ethereum, and Ripple. These cryptocurrencies are highly influenced by the performance of the Nasdaq index due to their popularity and market capitalization. When the Nasdaq index experiences significant fluctuations, it can have a ripple effect on the value of these cryptocurrencies. Investors often view the Nasdaq index as an indicator of market sentiment and use it to make decisions regarding their cryptocurrency investments. Therefore, it is important to closely monitor the Nasdaq index when investing in these cryptocurrencies.
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• Angshu BiswasAug 03, 2024 · a year ago
  The Nasdaq index has a significant impact on the value of certain cryptocurrencies. Bitcoin, Ethereum, and Ripple are among the top cryptocurrencies that are affected by the fluctuations in the Nasdaq index. When the Nasdaq index experiences volatility, it can lead to increased buying or selling pressure on these cryptocurrencies, resulting in price fluctuations. Traders and investors often pay close attention to the Nasdaq index as it can provide insights into the overall market sentiment, which in turn affects the value of these cryptocurrencies.
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• Redwan KabirDec 10, 2023 · 2 years ago
  BYDFi, a leading cryptocurrency exchange, has observed that Bitcoin, Ethereum, and Ripple are the top cryptocurrencies that are influenced by the fluctuations in the Nasdaq index. The Nasdaq index serves as an important indicator for market sentiment, and changes in its value can impact the demand and supply dynamics of these cryptocurrencies. When the Nasdaq index experiences significant fluctuations, it often leads to increased trading activity and volatility in the value of these cryptocurrencies. Therefore, traders and investors should closely monitor the Nasdaq index to make informed decisions regarding their cryptocurrency investments.
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