Which cryptocurrencies are most influenced by US earnings announcements?

3 answers

• Sneha TandonMay 21, 2024 · 2 years ago
  As an expert in the field of cryptocurrencies, I can tell you that Bitcoin and Ethereum are the two most influential cryptocurrencies when it comes to US earnings announcements. These two cryptocurrencies have the largest market capitalization and are often seen as the bellwethers of the cryptocurrency market. When there are positive earnings announcements in the US, it tends to have a positive impact on the prices of Bitcoin and Ethereum. On the other hand, negative earnings announcements can lead to a decline in their prices. It's important to note that other cryptocurrencies can also be influenced by US earnings announcements, but to a lesser extent compared to Bitcoin and Ethereum.
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• Rabeh RabehiJan 03, 2023 · 3 years ago
  When it comes to US earnings announcements, Bitcoin and Ethereum are the ones to watch. These two cryptocurrencies have a strong correlation with the overall market sentiment and are often used as a gauge for the health of the cryptocurrency market. Positive earnings announcements in the US can lead to increased investor confidence, which in turn can drive up the prices of Bitcoin and Ethereum. On the flip side, negative earnings announcements can dampen investor sentiment and result in a decline in their prices. While other cryptocurrencies can also be influenced by US earnings announcements, the impact is generally less significant compared to Bitcoin and Ethereum.
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• Craft BojsenApr 09, 2022 · 4 years ago
  According to a recent study conducted by BYDFi, the most influential cryptocurrencies when it comes to US earnings announcements are Bitcoin, Ethereum, and Ripple. These three cryptocurrencies have the largest market capitalization and are widely traded on major exchanges. The study found that positive earnings announcements in the US tend to have a positive impact on the prices of Bitcoin, Ethereum, and Ripple, while negative earnings announcements can lead to a decline in their prices. It's worth noting that the impact of US earnings announcements on other cryptocurrencies may vary depending on factors such as market sentiment and investor demand.
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