As everyone is well aware, we now have a significant impact of the stock market action on the performance of Crypto. Not always completely predictable or rational, but it is safe to say, that if the stock market drops, crypto will, more often than not, drop even harder.
With that in mind, I believe it is important to keep an eye on the main stock market indexes, and I would like to know which ones do you follow and why?
Currently I’m only keeping an eye on S&P 500 for the US based stock markets, but I don’t know if there are others that are relevant, as well as any indexes from other markets in Asia and Europe.
I only follow NASDAQ just to check if crypto is going to be okay today.
The NASDAQ and the MSCI world information technology correlate good with the crypto market.
I like playing the spy game lol I follow tsx too.
One crypto bull market was enough to turn me off to stocks forever
Ah yes, my favorite thing to discuss on a cryptocurrency sub.
Traditional stocks.
I don’t
Because in fact the big money comes all from the same way!
Crypto is my stock and the only stock market I know
I don’t have enough capital to get involved with the stock market. Besides I am already all in crypto.
Looking to change that in the future.
I follow the drug market if people are buying less meth they are probably going to take more risks where as if they are buying more heroin they want to sit back and chill and see what happens
I don’t think crypto follows stock market.
Stock market is dropping because of FED rate increase as well as Russia Ukraine conflict so does crypto market.
I don’t think this is a discussion for r/cc… maybe I’m wrong
Tbf there are Crypto mining companies like marathon and riot. I’m not shilling this just want to answer your question… and this is the closest correlation