Which cryptocurrencies are most affected by the performance of the inverse Nasdaq ETF?

3 answers

• Mr BumblebeeDec 21, 2020 · 5 years ago
  Cryptocurrencies that are most affected by the performance of the inverse Nasdaq ETF are usually those that have a high correlation with the stock market. This includes popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin. When the inverse Nasdaq ETF performs well, these cryptocurrencies tend to experience a decline in value. On the other hand, if the inverse Nasdaq ETF performs poorly, these cryptocurrencies may see an increase in value. It's important to note that correlation does not imply causation, and other factors can also influence the price movements of cryptocurrencies.
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• Hess HvidJul 11, 2021 · 4 years ago
  The performance of the inverse Nasdaq ETF can have a significant impact on certain cryptocurrencies. For example, if the inverse Nasdaq ETF is performing well, cryptocurrencies like Bitcoin and Ethereum may experience a decrease in value. Conversely, if the inverse Nasdaq ETF is underperforming, these cryptocurrencies may see an increase in value. However, it's worth noting that correlation does not always imply causation, and there are many other factors that can influence the price movements of cryptocurrencies.
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• Tim PitcaithlyNov 30, 2022 · 3 years ago
  When it comes to the performance of the inverse Nasdaq ETF, cryptocurrencies like Bitcoin, Ethereum, and Ripple tend to be the most affected. These cryptocurrencies have a strong correlation with the stock market, and as a result, their prices are often influenced by the performance of the inverse Nasdaq ETF. However, it's important to remember that correlation does not necessarily imply causation, and other factors can also impact the price movements of cryptocurrencies.
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