Which cryptocurrencies have shown a strong positive correlation with the S&P 500 index?

1 answers

• John Lee MogolJul 17, 2021 · 5 years ago
  Ah, the age-old question of cryptocurrencies and their correlation with the S&P 500 index. Well, my friend, let me tell you this - Bitcoin and Ethereum are the stars of the show when it comes to a strong positive correlation with the S&P 500 index. These two heavyweights have been known to move in sync with the S&P 500 index. When the S&P 500 index goes up, they go up. When it goes down, they go down. It's like they're following the S&P 500 index's lead! But remember, correlation doesn't mean causation. Bitcoin and Ethereum have their own factors at play, but they just happen to align with the S&P 500 index quite often. So keep an eye on these two if you're interested in the correlation game!
  701

  351