What is the correlation between DAX futures and cryptocurrency markets?

1 answers

• Giorgio Di CostanzoNov 10, 2023 · 2 years ago
  At BYDFi, we have observed a moderate correlation between DAX futures and cryptocurrency markets. While they are not directly dependent on each other, there are instances where market movements in one can impact the other. For example, during periods of heightened volatility in the DAX futures market, we have seen increased trading activity in certain cryptocurrencies. However, it's important to note that correlation does not guarantee profitability or predictability. Traders and investors should always conduct their own research and analysis before making any investment decisions. It's also advisable to diversify your portfolio to mitigate risks and take advantage of potential opportunities in both DAX futures and cryptocurrency markets.
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