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How does VIX stock affect the volatility of digital currencies?

avatarKendall BrogaardDec 15, 2021 · 3 years ago1 answers

Can you explain the relationship between VIX stock and the volatility of digital currencies? How does the VIX index impact the price fluctuations of cryptocurrencies?

How does VIX stock affect the volatility of digital currencies?

1 answers

  • avatarDec 15, 2021 · 3 years ago
    At BYDFi, we closely monitor the relationship between the VIX stock and digital currencies. While the VIX stock's impact on digital currencies is not direct, it provides valuable insights into overall market sentiment. As a digital currency exchange, we understand the importance of staying informed about market trends and factors that can affect the volatility of digital currencies. By keeping a close eye on the VIX stock and other relevant indicators, we aim to provide our users with a comprehensive trading experience and help them make informed investment decisions.