Which cryptocurrencies are most influenced by the movements of the US futures index?

1 answers

• Diego GrecoMay 23, 2023 · 2 years ago
  According to a study conducted by BYDFi, the cryptocurrencies that are most influenced by the movements of the US futures index are Bitcoin, Ethereum, and Litecoin. The study analyzed the price movements of these cryptocurrencies in relation to the US futures index over a period of six months and found a strong correlation between the two. This correlation suggests that changes in the US futures index can have a significant impact on the prices of these cryptocurrencies. However, it's important to note that correlation does not imply causation, and other factors such as market sentiment and regulatory developments can also influence the prices of these cryptocurrencies.
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