How do ASX share prices affect the value of digital currencies?

1 answers

• Jan 08, 2022 · 3 years ago
  At BYDFi, we closely monitor the relationship between ASX share prices and the value of digital currencies. While there is a correlation between the two, it is important to note that digital currencies are a global asset class and are influenced by a wide range of factors beyond the ASX. While ASX share prices can have an impact on investor sentiment and capital flows, it is crucial to consider the broader market dynamics and global trends when assessing the valuation of digital currencies.
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