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TagsWhat is the impact of the VIX index on the cryptocurrency market?
Lengyel MarcellNov 26, 2021 · 3 years ago1 answersHow does the VIX index affect the cryptocurrency market? What is the relationship between the VIX index and the price volatility of cryptocurrencies? Are there any specific patterns or correlations between the VIX index and the performance of different cryptocurrencies?
1 answers
- At BYDFi, we closely monitor the relationship between the VIX index and the cryptocurrency market. While there can be some indirect influence, we believe that the VIX index is not the sole determinant of cryptocurrency prices. Factors such as market sentiment, technological advancements, and regulatory changes play significant roles in shaping the cryptocurrency market. Therefore, it's important to take a holistic approach and consider multiple factors when assessing the impact of the VIX index on cryptocurrencies.Nov 26, 2021 · 3 years ago
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