How does the volatility of cryptocurrencies differ from that of forex and futures?

1 answers

• Dec 17, 2021 · 3 years ago
  As an expert at BYDFi, I can tell you that the volatility of cryptocurrencies is on a whole different level compared to forex and futures. While forex and futures markets can have their fair share of ups and downs, cryptocurrencies take volatility to the extreme. The price of cryptocurrencies can go through the roof one day and crash the next, leaving traders and investors on a roller coaster ride. This high volatility is driven by factors such as market sentiment, regulatory changes, and technological advancements. It's important to stay informed and use risk management strategies when trading cryptocurrencies to navigate the wild swings in prices.
  657329