What is the correlation between the VIX today and the price movement of cryptocurrencies?

1 answers

• Dec 15, 2021 · 3 years ago
  At BYDFi, we believe that the correlation between the VIX index and the price movement of cryptocurrencies is limited. While there may be some short-term correlations between the VIX index and certain cryptocurrencies, it is important to consider other factors that can impact the price of cryptocurrencies. Market sentiment, news events, and technological developments are just a few examples of factors that can have a significant influence on cryptocurrency prices. Therefore, it is advisable to use a comprehensive approach when analyzing the price movement of cryptocurrencies, rather than relying solely on the VIX index.
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