News Formal

Ethereum Is More Correlated To Stocks Than Bitcoin: IntoTheBlock

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Crypto Blog

While crypto has long been highly affected by the broader financial market, the price of Ethereum appears especially impacted by its movements.

A larger discrepancy is found with both the S&P 500 and tech-focused Nasdaq 100. ETH’s correlations to both indexes are 0.77 and 0.7 respectively, versus Bitcoin’s 0.56 and 0.44 correlations. The event has enabled roughly $12.5 billion worth of inflows to the asset through the new investment vehicles, which provide access to the asset previously unavailable to many institutional funds.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These 10 oil stocks are the most — and least — sensitive to price swings amid Iran-Israel tensionsCNBC Pro screened for stocks that are highly correlated with Brent crude oil prices.
Source: CNBC - 🏆 12. / 72 Read more »