Which digital currencies are most closely correlated with the Australian Stock Exchange 200?

3 answers

• Sudheer SinghJan 31, 2021 · 5 years ago
  Sure! When it comes to digital currencies that are closely correlated with the Australian Stock Exchange 200, Bitcoin and Ethereum are the top contenders. These two cryptocurrencies have shown a strong positive correlation with the performance of the Australian stock market. So, if you're looking for digital currencies that tend to move in sync with the Australian Stock Exchange 200, Bitcoin and Ethereum should be on your radar.
  432

  216
• Dev_ilmanAug 28, 2023 · 2 years ago
  Well, if you're looking for digital currencies that closely follow the Australian Stock Exchange 200, you can't go wrong with Bitcoin and Ethereum. These two cryptocurrencies have been observed to have a significant correlation with the performance of the Australian stock market. So, if you're interested in investing in digital currencies that move in sync with the Australian Stock Exchange 200, Bitcoin and Ethereum are worth considering.
  442

  148
• Flowers FletcherJun 15, 2021 · 4 years ago
  According to our analysis at BYDFi, Bitcoin and Ethereum are the digital currencies that have the highest correlation with the Australian Stock Exchange 200. This means that when the Australian stock market experiences significant movements, Bitcoin and Ethereum are likely to follow suit. So, if you're looking for digital currencies that closely track the Australian Stock Exchange 200, Bitcoin and Ethereum should be at the top of your list.
  444

  111