Greenwood HarrisonDec 16, 2021 · 3 years ago2 answers How does the fluctuation of real-time crude oil prices affect the value of cryptocurrencies?
How does the fluctuation of real-time crude oil prices impact the value of cryptocurrencies? Can changes in oil prices have a direct influence on the value of digital currencies like Bitcoin and Ethereum? Is there a correlation between the two markets, and if so, how does it work? Are there any specific factors or mechanisms that connect the price movements of crude oil and cryptocurrencies?