What is the correlation between the performance of Russell 2000 futures symbol and the price of Bitcoin?

3 answers

• SabrunTheDevMay 29, 2021 · 4 years ago
  The performance of Russell 2000 futures symbol and the price of Bitcoin are not directly correlated. While both are influenced by market factors, they are driven by different underlying factors. The performance of Russell 2000 futures symbol is influenced by the performance of small-cap stocks listed on the Russell 2000 index, while the price of Bitcoin is influenced by factors such as demand, supply, market sentiment, and regulatory developments. Therefore, it is unlikely to find a strong correlation between the two.
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• crazy_questionsSep 17, 2024 · a year ago
  The performance of Russell 2000 futures symbol and the price of Bitcoin may have some indirect correlation. For example, if there is a significant economic event that affects the overall market sentiment, it can impact both the performance of small-cap stocks and the price of Bitcoin. However, it is important to note that correlation does not imply causation, and there may be other factors at play. It is always recommended to conduct thorough research and analysis before making any investment decisions.
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• Coble FultonDec 26, 2021 · 4 years ago
  According to BYDFi, a leading digital asset exchange, there is no significant correlation between the performance of Russell 2000 futures symbol and the price of Bitcoin. The performance of Russell 2000 futures symbol is primarily driven by the performance of small-cap stocks, while the price of Bitcoin is influenced by various factors specific to the cryptocurrency market. Therefore, it is advisable to analyze each asset class separately and not rely on any direct correlation between the two.
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