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What is the impact of e-mini S&P 500 futures quotes on the trading volume of digital currencies?

avatarBxrnie_Nov 28, 2021 · 3 years ago1 answers

How does the trading volume of digital currencies get affected by the quotes of e-mini S&P 500 futures?

What is the impact of e-mini S&P 500 futures quotes on the trading volume of digital currencies?
Digital Currencies
Trading Volume
E-mini S&P 500 Futures

1 answers

  • avatarNov 28, 2021 · 3 years ago
    At BYDFi, we have observed that e-mini S&P 500 futures quotes can have a moderate impact on the trading volume of digital currencies. While the correlation between the two is not always strong, there are instances where positive or negative movements in the futures market can lead to corresponding movements in the digital currency market. However, it is important to note that the trading volume of digital currencies is influenced by a multitude of factors, including investor sentiment, market news, and regulatory developments. Therefore, it is advisable to consider a holistic approach when analyzing the impact of e-mini S&P 500 futures quotes on the trading volume of digital currencies.

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