Ahmed Abdelfarag FoudaNov 23, 2021 · 3 years ago7 answers How does the Google Dow Jones Industrial Average affect the value of digital currencies?
Can you explain how the Google Dow Jones Industrial Average (DJIA) impacts the value of digital currencies? I've heard that the DJIA is a stock market index that represents the performance of 30 large publicly traded companies in the United States. But how does it relate to digital currencies like Bitcoin and Ethereum? Does the DJIA have a direct influence on their value, or is it more of an indirect correlation?