CRYPTOCURRENCIES: GROWTH AND MOVEMENT IN INDIA

Abstract

There is a debate among investors about the benefits cryptocurrencies can take to a portfolio and how their prices move in the market.It's not hard to see that cryptocurrencies are highly volatile, but that doesn't stop investors from pouring large sums of money into cryptocurrency investments.Generate huge returns or catastrophic losses.One of the main challenges facing cryptocurrencies is determining how they perform with assets such as stocks and the rest of the market.The purpose of this article is to investigate whether cryptocurrencies provide diversification benefits and whether individual cryptocurrencies move similarly against each other.Of particular interest is whether there is a connection between the cryptocurrency market and the stock market.The cryptocurrencies chosen for the project were primarily benchmarked against stocks in the information technology-focused Nasdaq 100 Index, as well as a number of other assets.