News Formal

Higher tech stocks benefit ether more than bitcoin, CME Group says

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 53%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

'On days when tech stocks rally, ETHBTC tends to rise as ETH benefits more than BTC,' said Erik Norland, a senior economist at CME Group.

Movements in the tech-heavy Nasdaq 100 tend to impact the price of ether more than the price of bitcoin, according to a new report from CME Group.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The performance of tech stocks is a common metric widely watched in crypto circles, but CME Group says that movements in the tech-heavy Nasdaq 100 tend to impact the price of ether more than the price of bitcoin.

While bitcoin and ether are both known for volatile price swings, the exchange rate between the world's two largest cryptocurrencies appears somewhat stable in comparison with a daily volatility rate of about 30% over the past year, according to the report. That's compared to 42% for bitcoin's price and 59% for ether.

Still, the correlation between prices of the two cryptocurrencies has hovered at around 0.85 for the past year, suggesting a very close relationship.Ether also appears to be more sensitive to swings in the U.S. dollar, and the ETHBTC rate reacts more strongly to changes in bitcoin supply than it does to ether supply, according to the report.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 464. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Hilton’s stock rises as higher occupancy and rates leads to earnings beat, upbeat outlookShares of Hilton Worldwide Holdings Inc. tacked on 0.6% toward a 14-month high in premarket trading Wednesday, after the hotel operator reported...
ソース: MarketWatch - 🏆 3. / 97 続きを読む »