CaitoNov 24, 2021 · 3 years ago8 answers How does the volatility index (VIX) affect the price of cryptocurrencies?
Can you explain how the volatility index (VIX) impacts the value of cryptocurrencies? I've heard that the VIX is often used as a measure of market volatility for traditional assets, but I'm not sure how it relates to cryptocurrencies. Does a higher VIX mean that cryptocurrency prices are more likely to fluctuate? And if so, why does this happen? How do traders and investors use the VIX to make decisions in the cryptocurrency market?